US EditionGreece Rolls Out $345M Relief Plan Amid Middle East Fuel Crisis
13 Articles
13 Articles
Greece Rolls Out $345M Relief Plan Amid Middle East Fuel Crisis
Greece unveils a €300 million relief plan for April and May as the Middle East fuel crisis pushes up costs, with support targeting diesel, gasoline. Credit: Dimitris Papamitsos / AMNA Greece has announced a €300 million ($345 million) relief plan in an attempt to shield households and businesses from the economic pressures triggered by the fuel crisis linked to Middle East tensions. Prime Minister Kyriakos Mitsotakis presented the package as an …
The measures for diesel and fuel pass apply to the two months of April-May - The 15% subsidy on fertilizers will cost €15 million - Compensation to ferry companies so that they do not increase tickets - Permanent taxation of profits from online casinos will yield €100 million per year
Greece will agree in April and more subsidies for fuels and sinks, as well as reductions in ferry tickets, at a total of EUR 300 million, to counter the economic impact of the conflict in the Middle East on consumers and farmers, announced, on Monday, Prime Minister Kyriakos Mitsokas, transmitted Reuters and his earlier publication To Vima.
The aim is to support farmers and motorists in the face of "the sharp increases" in fuel and fertilizer prices, which have been rising sharply since the start of the Israeli-American strikes on Iran.
After Spain, which put EUR 5 billion on the table, Greece is releasing EUR 300 million to deal with the consequences of the war in the Middle East on rising fuel prices.
A total of 300 million euros is estimated to be spent on the new package of measures to address the increases caused by the war in Iran, in energy, fuel and the supply chain. More...
Coverage Details
Bias Distribution
- 60% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
