PM Mitsotakis: EU should revise fiscal policy in terms of green transition

Greek Prime Minister Kyriakos Mitsotakis expressed his view that the European Union’s fiscal policy needs to be revised in light of the green transition, speaking at a conference held online by the Harvard Business School Club of Greece (HBS Club) on Tuesday.

The Greek premier told the “Climate Change: An Existential Crisis” panel that striking a balance between financing green transition and sustaining fiscal discipline is expected to be a dominant debate at European Council level in 2022.

Regarding the Greek government’s initiatives towards a green transition, Mitsotakis emphasized the strengthening of households against price hikes in natural gas, and he stressed the significance of diversifying gas supply sources of EU member states.

In this regard, he said, the Eastern Mediterranean can play a role of geopolitical importance as an alternative energy source to the EU.