Greek Industry Chief Warns High Energy Costs Threaten Competitiveness
Spyros Theodoropoulos issued a stark warning about the persistent structural weaknesses of the Greek economy. At the General Assembly of the Hellenic Federation of Enterprises (SEV), held on Tuesday, SEV President Spyros Theodoropoulos issued a stark warning about the persistent structural weaknesses of the Greek economy, calling for urgent reforms to tackle high energy costs, excessive bureaucracy, and delays in the justice system. Theodoropoulos described the country's energy costs as a matter of "survival" for its industrial base, noting that Greece remains among the European Union member states with the most expensive electricity. The burden of energy prices, he said, undermines competitiveness across all sectors and fuels inflation. For energy-intensive industries, in particular, access to affordable and predictable energy is a prerequisite for survival. He went on to highlight the damaging effects of overregulation...
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