> economy
> economy
The EU calls for readiness for a “potentially prolonged” disruption in the energy market – Necessary consumption reduction measures
The EU is calling for energy-saving measures and alternative supplies, as the war in Iran is putting pressure on markets, driving up prices, and increasing the risk of shortages in oil and LNG
Pierrakakis: We will exhaust every fiscal space so that no one is left unprotected
The four measures announced by the Prime Minister are the beginning of a continuous support effort for as long as the crisis lasts, the Minister of National Economy said in a speech at a forum in Lamia
Iran’s oil windfall amid war with the US & Israel: How it exports up to 2.8 million barrels daily and who keeps buying
According to The Economist, despite the near closure of the Strait of Hormuz and the removal of roughly 15% of global oil supply from the market, Tehran continues to boost its revenues through a complex network of transport and financial transactions
Pierrakakis at Eurogroup: Measures must be fair & effective, with priority for the most vulnerable households and businesses
Today's Eurogroup meeting was held via teleconference instead of the scheduled meeting in Cyprus, which was cancelled due to developments in the Middle East
Oil: Nearly 6% jump in prices with Brent at $108 and uncertainty growing
Continued tension in the Middle East pushed crude to a new high of nearly 6%, with markets worried about new supply disruptions and prolonged energy instability
IMF: Scenarios for new country funding due to War – World Bank on alert
The International Monetary Fund (IMF) is examining potential scenarios for supporting countries as the war drives up energy costs, strains public finances, and increases risks to global growth – Damages to critical infrastructure are also a concern for the World Bank
Recovery Fund: Green light from the Commission for a new tranche of €1.18 billion to Greece, 68.5% of total disbursements
Greece has completed 20 milestones and 6 targets to secure the seventh payment - The period until August for the last installments is crucial
