x

Politics

Greek PM Outlines Plan to Mitigate Energy Crisis in Politico Article

ATHENS – Prime Minister Kyriakos Mitsotakis outlined his six-point plan to address the crisis affecting Europe’s energy market as a result of the war in Ukraine, in an article submitted to the online magazine “Politico.eu” published on Wednesday morning.

While emphasising that Europe will not relent on issues concerning Ukraine’s sovereignty and democracy but “continue to tighten the economic grip on Russia’s regime with the imposition of sanctions,” the Greek prime minister also highlighted the need to address the issue of Europe’s vulnerability in terms of natural gas prices and electricity produced by gas.

According to Mitsotakis, natural gas has become a factor in the power struggle between Russia and the EU and the EU gas wholesale market has not been functioning normally.

“I believe this must be addressed swiftly and decisively to prevent further damage to EU citizens’ lives, member countries’ economies and the success of the European Green Deal,” he said, echoing his letter to European Commission President Ursula von der Leyen on this issue.

“Messages regarding the supply of natural gas lead to grossly amplified market reactions that result in outlandish prices, which do not reflect the reality of gas reserves — or supply and demand within the union,” Mitsotakis said, stressing that “this spiral of speculation and politicized price hikes must stop.”

“When markets cease to function normally, it is the obligation of governments and regulators to step in and ensure the market can reset and rebalance. Now is such a time,” he added, referring to his proposal to the Commission to consider a “Six-point Plan” to regulate the gas wholesale market.

RELATED

ATHENS - Prime Minister Kyriakos Mitsotakis called on the voters to send a message of stability in the European Parliament elections on June 9, noting that the country has a stable four-year government and that political instability is "the last thing it needs".

Top Stories

Columnists

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

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.

Video

Sour Patch Kids Oreos? Peeps Pepsi? What’s Behind the Weird Flavors Popping Up on Store Shelves

Van Leeuwen Ice Cream usually draws customers with gourmet takes on classics like vanilla and pistachio.

Artificial Intelligence will provide us with one surprise – hopefully mainly good ones – after another far into the future, but for some people, especially writers and readers of science fiction, some of the news will be old news.

NEW YORK – Teatro Grattacielo presents The Young Artists Series: G.

NEW YORK – Effie Lazaridou, CEO of New Agriculture New Generation (NANG), spoke with The National Herald about the organization which she has led since it began in 2018 and which aims to create employment and entrepreneurship opportunities for young people in the agrifood industry in Greece.

PORT-AU-PRINCE, Haiti  — Haiti’s main international airport reopened Monday for the first time in nearly three months after relentless gang violence forced authorities to close it.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

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