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The Proper Greek Analyst wrote that, according to a report by the Financial Times on October 16, 2026, Italy had secured a preliminary agreement with the European Commission for an intervention mechanism in wholesale electricity prices when the price of natural gas exceeded 59 euros per MWh. He mentioned that the mechanism was based on the Iberian Exception. The author added that the bill proposed an increase of two percentage points in the IRAP tax for the years 2026 and 2027, with estimated revenues of 1.08 billion euros for the Italian state during the period 2026-2028. According to the post, the additional revenues would be directed towards reducing electricity bills for specific businesses. He also cited a statement from the Italian Prime Minister that the agreement would allow intervention in the way electricity prices were set, in order to address the impact of natural gas costs. The Proper Greek Analyst wondered why Greece was not seeking a similar intervention and criticized Greek journalists for not highlighting the development, as he wrote. In the post, he compared their stance to that of Kyriakos Mitsotakis at the European Council. https://t.co/pAWnS2oBWc #ενεργεια #ρευμα #Κομισιον #καύσιμα #ενεργεια #ρευμα #καύσιμα (translated)

Anavaloglou Georgios mentioned that Kyriakos Mitsotakis stated in Brussels on 16/10 that the government would not distribute money for political reasons. He contrasted the policies of other countries, saying that Italy planned to tax banks with a target of 5 billion euros in revenue by 2027, the Netherlands aimed to impose an extraordinary contribution of 617 million euros, and Austria would extend an additional contribution of 300 million euros for the same year. He added that Slovakia would maintain an increased tax rate for banks in 2027 as well. Regarding refineries, Anavaloglou said that Germany, Spain, Portugal, Italy, Poland, and Austria had requested a windfall tax from the Commission, while Greece was not among those countries. He cited pre-tax profits of 1.998 billion euros for the two Greek refineries in the first half of 2026, compared to 210 million euros in the corresponding period last year: 891.7 million for Motor Oil and 1.106.4 million for HELLENiQ. He also referenced an interview on ERT on 17/9, where, according to him, Mitsotakis said he preferred money to be returned to citizens through fuel prices rather than collected by the state budget. Anavaloglou noted that the refineries received subsidies of 277 million euros, while the heating allowance increased by only 52 million euros compared to last year. He concluded that this was a political choice and raised the question of whether the Prime Minister sought to be popular with citizens or with those, as he wrote, who profited from the crisis and from whom he sought electoral support. #πολιτική #φορολογία #Ελλάδα (translated)

We immediately agreed that we must address Ukraine's additional funding needs in 2027 and asked the Commission to submit a specific proposal. The President of the European Council, Antonio Costa, explained that the leaders did not spend much time drafting a plan for 2027. #ΕΕ #Ουκρανία #Ενέργεια (translated)

The leaders of the "27" recognized the need for a coordinated European response to energy costs and referred the matter to the Commission for the examination of new support measures, although they did not agree on specific interventions. #ΕνεργειακήΑκρίβεια #ΕυρωπαϊκήΕπιτροπή #Σύνοδος27 (translated)

Mr. Šefčovič, in response to a related question about concerns regarding competitiveness, argued that the Commission's proposals are a response to distortions in international trade, state subsidies, and practices that are not in line with WTO rules. #Τουρκία #ΕΕ #Εμπόριο (translated)

In the joint press conference at the headquarters of the Commission, Mr. Bolat requested that Turkey be treated as a partner or an equal partner "from the outset" in the Industrial Accelerator Act and in "Made in EU", citing the industrial integration achieved over three decades of Customs Union, particularly in the automotive industry. #Τουρκία #ΕΕ #Εμπόριο (translated)

Moreover, the Greek Prime Minister Kyriakos Mitsotakis has asked the head of the Commission, Ursula von der Leyen, for both the possibility of fiscal relaxation and the "permission" to use the additional revenues resulting from VAT as support measures. #Οικονομία #ΣύνοδοςΚορυφής #ΜέτραΣτήριξης (translated)

The Proper Greek Analyst criticized publications from Kontra, Eleftheros Typos, Political, and Dimokratia, arguing that they presented as a Greek success an exception that would pave the way for a reduction of fuel taxes or investments amounting to 1 billion euros. He described the coverage as misleading and said it confused two different requests. According to him, the government's request for temporary reductions in the Special Consumption Tax or VAT on fuels not to be counted toward the deficit was rejected. He argued that such measures would directly support citizens and businesses and that they had been implemented without requests to the Commission from 11 EU countries. He also cited a Reuters publication regarding the rejection of requests from Greece and Italy for greater fiscal flexibility. On the contrary, he mentioned that a request for exemption from fiscal rules on spending for energy projects had been accepted. In his post, this possibility did not concern only Greece: a Commission announcement dated 18/8/26, with code C/2026/4514, stipulated an exemption of up to 0.6% of GDP cumulatively over two years for countries that would apply. He estimated that this corresponded for Greece to 1.56 billion euros, with an GDP of 260 billion euros at current prices in 2026, and not the 1 billion euros that, as he wrote, the government planned to allocate. The Proper Greek Analyst added that Italy's request, which, according to ANSA, concerned 0.6% of GDP or 14 billion euros, was expected to be approved by Monday. He contrasted this amount with the 0.38% of GDP or 1 billion euros attributed to the Greek plan. For Greek projects, he mentioned grants of 200 million euros for energy storage batteries from renewable sources, 320 million euros for railroad safety and expansion projects, 200 million euros for heat pumps and solar water heaters for 100,000 beneficiaries, 117 million euros for energy upgrades of 109 public buildings and universities, 50 million euros for photovoltaics, batteries, and heating systems for 10,000 beneficiaries, 50 million euros for carbon capture and storage in industry, and 45 million euros for 246 school units. He stated that, beyond the subsidies for households, the remaining projects would not directly benefit citizens. #Ελλάδα #ενέργεια #δημοσιονομικά (translated)

KatiApoZebra wrote that the Commission approved the energy escape clause, but argued that the decision would not reduce electricity, fuel, or food prices. She mentioned that some investments would be made and commented that until then, citizens would "eat and light the clause." #ενέργεια #τιμές #επενδύσεις (translated)

The author warned of the risk of the IMEC project sinking, which would connect India commercially with Europe via Greece, and questioned whether it would have the same outcome as the EastMed. He noted that the warning followed a response he received from the European Commission regarding support for a competing project. https://t.co/GvyKvJAhO0 #Ναυάγιο #IMEC #Ευρώπη #GR #IN #EU (translated)

John Ntin claimed that there were unpaid debts of 1.3 billion euros for bandages, medicines, and equipment in hospitals and attributed them to the Ministry of Health. He mentioned that the amount had more than tripled since 2019 and referred to a "mammoth penalty" from the Commission. At the same time, he described the reports about the upgrade of the National Health System as misleading. https://t.co/A6uL4gC6Qr #ΥΓΕΙΑ #ΝΟΣΟΚΟΜΕΙΑ #ΕΣΥ (translated)

🚨 I submitted a written question to the Commission regarding today's unacceptable Turkish #threats concerning the implementation of the Great Sea Interconnector (#GSI). ❗️During today's press briefing of the 🇹🇷 Turkish Ministry of National Defense, the spokesperson of the Turkish Ministry, https://t.co/3pXymVKi3t https://t.co/3pXymVKi3t #Τουρκία #ΔιεθνείςΣχέσεις #Γεωπολιτική #TR (translated)