Greek Minister of Development, Takis Theodorikakos, has expressed strong support for implementing a cap on profit margins, describing it as a harsh but necessary measure in the face of severe economic challenges. Speaking on ERT, he highlighted that this regulation aims to curb any attempts at profiteering in the market, especially during extraordinary circumstances that require extraordinary measures. The minister's remarks reflect a commitment to protecting consumers from excessive pricing during a crisis period.

He outlined that the newly established Independent Authority now has the necessary tools to conduct intensive inspections and enforce strict penalties to ensure compliance with the new regulation. The potential fines for businesses that violate this cap could amount to as much as 5 million euros, which serves as a significant deterrent. Theodorikakos urged entrepreneurs to act socially responsibly and contribute positively to the community amid these economic challenges rather than risk substantial fines.

Theodorikakos also noted that the current economic situation represents one of the most challenging crises the government has faced in the last seven years, compounded by ongoing geopolitical conflicts. With no clear end in sight to the military confrontations affecting global economic stability, the minister's emphasis on maintaining fair pricing practices underlines the government's proactive stance in safeguarding the economy and ensuring social equity in challenging times.