Greek industry leaders are pushing back against the government’s latest €300
Greek industry leaders are pushing back against the government’s latest €300 million support package, warning that its insufficient and doesn’t tackle the long-standing structural problems that have plagued the sector.
The measures, which were unveiled on Monday April 6, after six months of negotiations with the European Commission, are aimed, according to the government, at easing the burden of high electricity prices. But employers and industry associations call the package announced a temporary fix, which doesn’t address Greece’s lagging industrial competitiveness.
“The problem is not solved”
“The problem is that, as we all know, Greece pays higher energy costs for industry than many countries in the EU,” said Spyros Theodoropoulos, president of the Hellenic Federation of Enterprises (SEV), the country’s leading business group.
“If I had to give an answer to the question whether the measures announced solve the problem, I would say that they certainly do not,” he underlined. “They are steps in the right direction, but their significance and impact will differ from industry to industry.” The comments reflect broader concerns that Greece’s industrial sector remains burdened by persistently high electricity prices compared with European peers.
Limited scope of support
Antonios Kontoleon, president of
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