RES targets out of Greek reach

The targets the European Commission is setting for the development of renewable energy sources in Europe appear elusive for Greece, with the local market arguing that only a strict and resourceful plan such as that in the run-up to the Athens 2004 Olympics could meet Brussels’ requirements.

Fiscal prudence urged again

Despite the extension in the general escape clause from the European Union Stability Pact for another year, Greece will still have to take substantial steps toward fiscal streamlining in 2023, European institutions agree, having been one of the most generous member-states in the bloc regarding measures against the pandemic’s economic impact and energy hikes.