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Eurogroup Endorses Flexibility in Fiscal Rules to Boost Energy Investments

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The president of the Eurogroup, Kyriakos Pierrakakis, this Thursday defended the European Commission's proposal to make tax rules more flexible and to facilitate new investments in energy, an initiative that he considers "fully justified" in the face of the impact of the crisis in the Middle East and the need to strengthen the European Union's energy security.
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The European Commission has argued this Thursday that future fiscal flexibility for energy investments will be temporary, will have a limited budgetary impact and will not put at risk the credibility of the new European tax rules. "What we are doing is contained both in terms of fiscal impact and in terms of timetable", said the [...] The entry Brussels argues that the fiscal margin for energy will be temporary and compatible with the budgetary …

The Eurogroup is meeting in Luxembourg, which will be followed by Ecofin tomorrow. The debate is dominated by the response to the energy crisis caused by the closure of the Strait of Hormuz.

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The president of the Eurogroup, Kyriakos Pierrakakis, this Thursday defended the European Commission's proposal to make tax rules more flexible and to facilitate new investments in energy, an initiative that he considers "fully justified" in the face of the impact of the crisis in the Middle East and the need to strengthen the European Union's energy security.

The president of the Eurogroup, Kyriakos Pierrakakis, has argued that the European Commission's proposal to relax tax rules and facilitate energy-related investments is "fully justified", considering that the current crisis in the Middle East re-emphasizes the need to strengthen the European Union's energy security. "The Commission's proposal shows that we are now on that point", he said on his arrival at the meeting of Eurozone economic and fin…

Arriving at the meeting of the finance ministers of the eurozone countries in Luxembourg, the president of the Eurogroup Kyriakos Pierrakakis, referred to the agenda of the issues that will be put up for discussion, in a period of increased economic challenges. Luxembourg Mission: Elena Apostolidou First, as he said, the focus of the discussion will be the macroeconomic situation in the eurozone, then the recent announcement of interest rates by…

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www.ertnews.gr broke the news on Thursday, June 11, 2026.
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