In a letter to the European Budget and Finance Commissioners, Piot Serafin and Vladis Dobrovskis, New Democracy MEP George Avtias called for the financing of the gas market to help alleviate the rising cost of electricity, which has arisen due to the war.
Avtias said that the Commission’s intervention must be immediate and decisive because of two key economic parameters:
1) The widespread fluctuations in gas prices, which have increased by an average of more than 50% since the beginning of the war.
2) The failure to complete the electrical interconnection of the countries of South-Eastern Europe, which has resulted in Greece and other countries being forced to pay more expensive electricity, even at twice the price, compared to other European countries.
These two facts make up, as Mr. Avtias, an explosive economic cocktail for state budgets, given that both households and businesses are directly affected, in Greece and in all European countries.
In this context, Avtias addressed a question to the Commissioners and called on them to fund the gas market for countries that are under double pressure due to the ongoing price hikes.
His letter, as communicated in a statement, reads as follows:
“Dear Commissioners,
The war in Iran has caused a cascading economic impact on the Member States of the European Union, particularly Greece and the countries of the European South, negatively affecting households and businesses.
Since the first day of the war, gas prices have increased by an average of more than 50%, showing a continuous upward trend. In addition, the failure to complete the electrical interconnection in Southeastern Europe and Greece is contributing to further increases in electricity costs.
These data make up an explosive economic cocktail for state budgets, as they directly affect both households and businesses in Greece and in all European countries.
In this context, I urge you to fund the gas market for countries that are under double pressure due to the ongoing rise in gas prices.”
