How Will the "Escape Clause" for Energy, Which Could Reach 1.5 Billion over Three Years, Work?

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The EU opens a window for additional energy spending of up to 1.5 billion outside of a tight fiscal corset, but the message from Brussels is "investments first, very few subsidies"

CNN Greece

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In June, measures for private debt will be legislated, said Minister of National Economy and Finance Kyriakos Pierrakakis, in an interview, adding that every available fiscal space and non-…More...

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At the Eurogroup and ECOFIN meeting on Thursday and Friday in Luxembourg, where the escape clause on energy spending will be the focus of the debate, will be the Minister of National Economy and Finance and President of the Eurogroup, Kyriakos Pierrakakis. As he said in an interview with ANT1 TV station, Mr. Pierrakakis left to clarify the scope of the measures that could be included in the escape clause and noted that these are investments with…