FM Staikouras at IMF/World Bank: Six Policy Priorities to Resolving Energy Crisis

October 13, 2022

WASHINGTON, DC – Inflation has slammed households and is threatening the production of economies, Greek Finance Minister Christos Staikouras said on Wednesday, at a meting on the sidelines of the 2022 annual meeting of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington, DC on Wednesday.

Staikouras was addressing a closed-door meeting with IFM Managing Director Kristalina Georgieva and other European officials, and said that sustaining social cohesion was a key condition to resolving the energy crisis successfuly.

The Greek minister outlined six policy priorities that must be implemented:

– Coordination of national policies toward a price cap in the natural gas wholesale market

– Using excessive profits of energy companies to support society, as Greece is doing to subsidize household and business energy bills

– Financial incentives and a media campaign to voluntarily reduce energy demand and to increase efficiency in its consumption

– Guaranteeing that support measures will remain temporary, targeted, and adequately adapted to national economies’ needs

– Boosting collaboration with social partners so that inflation on salaries and prices does not affect job occupation rates, and

– Further promoting reforms and investments that contribute to the green transition and boost investments, jobs, and productivity.

Staikouras also participated in the 8th meeting of the Finance Minister Coalition for Climate Action, on the sidelines of the IMF/World Bank meetings, where he underlined the need to accelerate green transition in view of the unprecedented mix of challenges countries face, and witih the view of promoting long-term viable development and resilience. Greece, he said, is responding to these new challenges and constantly aligns its policies mix with its climate goals, serving green transition and strengthening its energy security.


ATHENS - The Hellenic Navy’s Hydrographic Service station on Corfu issued a NAVTΕΧ message on Saturday over work related to seismic research southwest of Crete.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Search Effort Intensifies after Indonesia Quake Killed 271

CIANJUR, Indonesia — More rescuers and volunteers were deployed Wednesday in devastated areas on Indonesia's main island of Java to search for the dead and missing from an earthquake that killed at least 271 people.

ATHENS - Prime Minister Kyriakos Mitsotakis paid a visit on Saturday to the Police Station of Kallithea, the southwestern suburb of Athens, which houses an Operational Office dealing with domestic violence of a network of 18 such centers incorporated in police stations.

COLORADO SPRINGS, Colo. (AP) — When officials unfurled a 25-foot rainbow flag in front of Colorado Springs City Hall this week, people gathered to mourn the victims of a mass shooting at a popular gay club couldn't help but reflect on how such a display of support would have been unthinkable just days earlier.

NANTUCKET, Mass. (AP) — The Biden family's tradition of eating lunch, shopping and watching a Christmas tree lighting in downtown Nantucket on Friday became mostly about keeping the president's 2-year-old grandson from having a meltdown.

AL KHOR, Qatar (AP) — Respect achieved.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.