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[BUSINESS] · Greece · 23 sources

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Greece requests EU escape clause for €1 billion energy resilience plan

Minister of National Economy and Finance Kyriakos Pierrakakis submitted a request to the European Commission to broaden the scope of Greece’s existing national escape clause – previously limited to defence spending – so that it can also cover measures that boost the country’s energy resilience. The proposal seeks to enable investments exceeding €1 billion through 2028, financed from national resources, and to exempt these outlays from the EU’s ceiling on net primary spending growth (up to 0.3 % of GDP per year and 0.6 % cumulatively).

The planned projects include renewable‑energy storage facilities, energy‑efficiency programmes, upgrades of public and private buildings, and critical energy‑infrastructure works. The move is presented as part of Prime Minister Kyriakos Mitsotakis’ strategy to strengthen Greece’s energy security, reduce reliance on imported fossil fuels and align with the European Commission’s recent decision to extend escape‑clause flexibility to energy‑system resilience measures.

Entities

Daily Meal Voucher (Food Card) · Energy Resilience Programme · European Commission · General Confederation of Greek Workers (GSEE) · Greece · Greek Confederation of Workers' Unions (SEB) · Greek Minimum Wage · Greek government · Konstantinos Pierrakakis · Kyriakos Mitsotakis · Kyriakos Pierarakis · Kyriakos Pierrakakis

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