Greek Prime Minister Kyriakos Mitsotakis said EU leaders at the summit that ended Friday backed Greece's proposal to temporarily relax budget rules, so countries with surpluses can help households and businesses through the energy crisis, and asked the European Commission to bring forward proposals quickly. At home, Greece will subsidise heating oil by 40 euro cents a liter, cutting its price from 1.95 euros to 1.55 euros, and raise heating allowances by 30%, covering nearly 1.2 million households. Pump prices will fall by 20 cents a liter for diesel and 10 cents for gasoline through Oct. 31, and fuel subsidies for fishermen will more than double. Lawmakers are set to vote Thursday on a bill barring children under 15 from social media starting Jan. 1, 2027, with platforms required to verify users' ages.
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Original headline: EU Backs Greek Push to Ease Budget Rules Over Energy Crisis , Mitsotakis Says
Read the original on iefimerida.gr ↗
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Europebudgetenergy securityGreece
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Related tickers and likely impact
EUR/USD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.12393 |
| Change that session | +0.16% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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