Greece is prepared to introduce additional economic support measures if the ongoing energy
Greece is prepared to introduce additional economic support measures if the ongoing energy crisis linked to tensions in the Middle East intensifies, Finance Minister and Eurogroup President Kyriakos Pierrakakis said on Friday.
Speaking at an international economic forum, Pierrakakis stressed that while no new package is currently planned, the country has the necessary “fiscal firepower” to act if conditions deteriorate. Any intervention, he noted, would remain within strict budgetary rules.
“We are not there yet,” he said, referring to the possibility of further measures, while highlighting that recent support initiatives had already been announced earlier this week.
Fiscal Discipline and Economic Stability
Pierrakakis pointed to Greece’s improved economic position, citing budget surpluses, declining public debt and sustained growth. He emphasized that supporting households must be balanced with maintaining fiscal stability.
“It is a conscious decision not to pass the burden on to future generations,” he said, acknowledging that citizens continue to face pressure from high living costs and growing economic uncertainty.
Lessons from the Past
Referring to the energy crisis of 2022, Pierrakakis noted that some policies implemented at the time proved ineffective or even counterproductive. He said governments now have a clearer framework for responding to
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