Mar 11 β€’ 09:59 UTC πŸ‡¬πŸ‡· Greece To Vima

Block on price gouging: Cap on fuels and supermarkets – Prime Minister to President

Greek Prime Minister Kyriakos Mitsotakis announced the implementation of price caps on fuel and supermarket products during a meeting with the President of the Republic.

In a recent private meeting with the President of the Republic, the Greek Prime Minister Kyriakos Mitsotakis addressed the issue of rising prices due to the international crisis. While acknowledging the government's inability to prevent primary price increases driven by this crisis, he firmly stated that price gouging in the Greek market will not be tolerated. Consequently, he announced a new policy that will introduce caps on profit margins for both fuel and supermarket goods, scheduled to take effect within the next quarter.

Mitsotakis emphasized that the current international climate is characterized by significant uncertainty, primarily due to the ongoing geopolitical tensions in the region. He underscored Greece's role as a stabilizing force amidst these challenges, highlighting the country’s effective measures to manage the economic implications of the crisis while maintaining market stability. The Prime Minister’s remarks reflect a commitment to protect consumers from exploitative pricing practices during economically challenging times.

Furthermore, the Prime Minister's strategic reference to supporting Cyprus indicates Greece's ongoing diplomatic and economic collaboration with its neighbors to mitigate the effects of the economic crisis. This approach not only aims to safeguard the Greek economy but also reinforces regional ties and collective resilience against external pressures, thereby positioning Greece as a key player in regional stability and economic cooperation.

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