Greek PM Mitsotakis to promise more cost-of-living support

Greek Prime Minister Kyriakos Mitsotakis is expected on Saturday to announce further funding to cushion the impact of an energy crisis and soaring inflation on the nation’s households, a government source said.
A spike in natural gas prices following Russia’s invasion of Ukraine has sparked a major energy crisis across Europe, prompting some governments to push through multi-billion-euro packages to protect homes and utilities from rising costs.
Greece has already spent about 8 billion euros ($8 billion) to subsidise power bills since last year.
Mitsotakis, a conservative who faces a parliamentary election in 2023, will pledge to maintain the support until at least year-end during his annual economic policy speech from the northern city of Thessaloniki, the source said, speaking on condition of anonymity.
At an emergency meeting on Friday, EU energy ministers tasked Brussels with drafting proposals within a few days to cap the revenues of non-gas energy producers and help power firms stay afloat, as they seek to protect citizens from sizzling prices.