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07
May 2026
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Pierrakakis to IMF: Risk of the biggest energy crisis in history if the Straits remain closed

The Minister of Economy and Finance and President of the Eurogroup spoke with Alfred Kammer, IMF Director for Europe, at a public event at the Fund's headquarters

The current energy crisis is the most serious since 1973, 1979 and 2002 combined, says the International Energy Agency

At the heart of the crisis are European countries, as well as Japan, Australia and others, but the countries most at risk are developing countries, said ILO chief Fatih Birol