Image default
Greek News

PM Mitsotakis in Bloomberg Op-ed: “Europe Can Fight Putin By Capping Gas Prices”

“After months of deliberation and deflection, it is time for Europe to place a cap on natural gas prices. Russia has weaponized energy”, Prime Minister Kyriakos Mitsotakis emphasises in an opinion piece published today in the - agency entitled “Europe Can Fight Putin By Capping Gas Prices”.

The PM goes on to say “Faced with massive costs, businesses and households must conserve energy and switch to alternative fuels. All this is necessary. But we must distinguish between “savings” and devastation, between sensible reductions in energy consumption and uncontrolled prices that shut down our industries and bankrupt households and small businesses.”

The PM stressed, however, that “A cap on prices carries risks, of course. But as we move into winter, the dangers of inertia compound. We cannot afford to sit back and watch as Russia uses our market institutions against us. It is an act of common sense, and of sovereignty, to step in and design rules that respond to the unprecedented challenge we face. Imposing a cap on natural gas prices is an inevitable step in that process.”

also read

Boxing promoter Eddie Hearn sues YouTube star Jake Paul for $100,000 million for defamation

“Sooner or later, markets will balance — but without a cap on prices, the cost of that balancing will be measured in lives destroyed and jobs lost. This is why I proposed in July a pan-European scheme to compensate large energy users for reducing their consumption, bringing the market into balance without resorting to extreme prices”, he writes.

more at -.com

Σχετικα αρθρα

Christmas Holidays – Plastic vs. Real Tree (infographic)

admin

Greek robotic laser system “Minotaur” can shoot down Turkish drones, says its inventor (video-photos)

admin

Oil Plunges to lowest since 2021 as China unrest rattles market

admin

Belgium and the Russian Diamonds (infographic)

admin

TOP 10 supercars in Europe!

admin

Electricity: These are the December subsidies for households set by the Greek state

admin

EU gas price cap proposal deemed “unworkable” & “a joke” even by advocates

admin

Ermou Street in top 15 most expensive shopping streets in the world

admin

“Career Cushioning”: The latest work trend people on LinkedIn say it can help you recession-proof your paycheck

admin

Linde starts green hydrogen production in Greece

admin

The Fall of Twitter? (infographic)

admin

Australia learns there’s no replacement for the Chinese consumer

admin