00:01Greek Prime Minister Kyriekos Mitsotakis is calling on the European Commission to take action in giving national governments more fiscal
00:09room to shield households and businesses from a renewed energy price shock, according to a letter seen by Euronews.
00:18Mitsotakis said that Europe's latest energy crisis is lasting longer than expected, threatening to turn it into both an economic
00:26and political challenge for Athens.
00:28To help families, the government has been handing out hefty cash aid for energy bills, fuel and farming.
00:35At the same time, Mitsotakis has slashed income and property taxes to please voters and jumpstart businesses ahead of parliamentary
00:43elections slated for 2027.
00:47Greece is proposing that temporary national measures to support consumers and companies could, up to a certain limit, be excluded
00:55from the EU's net expenditure indicator.
00:58It also proposes that governments be able to account for additional VAT revenues generated by unexpectedly high inflation linked to
01:07energy prices.
01:08If the European Commission considers these measures, it would give governments more fiscal space to subsidize or otherwise support citizens
01:17and businesses without the same pressure from EU fiscal rules.
01:21Thank you very much.
01:22Right.
01:22Thanks for invite you to wrap up.
