Eurogroup: Positive Assessment of Greece and Italy's Fiscal Flexibility – Council Approval Expected - PatrisNews - Patris Ilias Newspaper
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The European Commission has positively assessed Greece and Italy's requests for expanded fiscal flexibility for energy security, pending Council approval. Kyriakos Pierrakakis called for targeted support measures against high energy prices, while Vladis Dombrovskis warned of fiscal risks and pressures on bond markets.
Regarding the requests of Greece and Italy to make use of the expanded flexibility of the national escape clause, the EU has given the green light and the Council's decision is awaited.
Addressing the impact of the new rise in energy costs, while maintaining fiscal stability, was at the heart of Eurogroup discussions in Luxembourg. The post Eurogroup: Positive assessment of Greece and Italy's fiscal flexibility – Council approval expected appeared first on PatrisNews - Patris Ilias Newspaper.
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