Greece and Italy seek greater economic flexibility from the European Union
The Greek government, in cooperation with the Italian side, is calling on the European Commission to adopt more flexible fiscal rules. Prime Minister Kyriakos Mitsotakis and his Italian counterpart, Giorgia Meloni, argue that current economic conditions require a different approach from Brussels.
A central point of the discussion is the pressure on national economies due to the ongoing rise in fuel prices and inflation. The two leaders emphasize that increased energy costs directly affect citizens and businesses, making it difficult to adhere to the strict restrictions provided by the Stability Pact.
According to reports from the Financial Times, the request for "fiscal flexibility" aims to give member states the necessary space to support their economies without violating European rules. Greece and Italy are seeking to secure the possibility for targeted interventions that will relieve households from the burden of high costs.
This initiative is expected to be the subject of intense consultations in the coming period, as the European Union tries to balance the need for fiscal discipline with the need for social protection. The decisions that will be taken will play a decisive role in the economic path of the countries of the South over the next year.