Pierrakakis After the Eurogroup: Support for Citizens for Energy but "Temporary, Targeted, Adapted"
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"Europe has the power to shape its own future," said the finance minister after the Eurogroup
The need to shield households and businesses against new energy price increases, without jeopardizing the fiscal stability of the Eurozone, was underlined by the President of the Eurogroup, Kyriakos Pierrakakis, and the Commissioner for Economy, Valdis Dombrovskis, after the conclusion of the meeting of Finance Ministers in Luxembourg.
Kyriakos Pierrakakis focused on the increased fiscal pressures facing Europe after the Eurogroup, noting that higher borrowing costs, greater needs and limited fiscal space are creating a more difficult environment. As he said, investors are now more sensitive to fiscal risks and are demanding greater compensation for the uncertainty surrounding […] The post Pierrakakis after the Eurogroup: Support for citizens for energy but “temporary, targete…
"We are faced with a difficult balance," he stressed, noting that "we must protect citizens from high energy prices, without sending the wrong fiscal messages."
For energy support measures: The immediate priority is the protection of citizens, but with fiscal considerations in mind.
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