Economic Situation and Preparedness to Intervene Against Price Increases
March 12, 2026
The Minister of Finance stated that no preventive measures are being planned due to the war in the Middle East. He emphasized that governments must be ready to intervene in cases of unjustified price increases. Economist Tasos Yiasemidis warns of a domino effect of economic repercussions that affect other sectors beyond energy. Energy Minister Michalis Damianos stated that his ministry is monitoring the situation and is ready to intervene if serious price increases are observed. The priority is to protect households and ensure the stability of the European economy.