Greece supports in principle the European Commission's proposal for a reformed framework for economic governance of the European Union, Greek Prime Minister Kyriakos Mitsotakis said

Kyriakos Mitsotakis - Greek economist and politician. Mitsotakis was born in Athens on March 4, 1968 at today's press conference after the meeting of European leaders in Brussels, reported ANA-MPA, quoted by BTA.

Responding to questions, Mitsotakis noted that this proposal recognizes the possibility of greater flexibility and reasonable reduction of public debt, and that most member states seem to take this position.

He also stressed that "faster progress is needed" and said Greece would not accept a return to the previous, strict rules.

According to Mitsotakis, the Greek government has shown that the country is capable of creating its own policies that reduce debt and do not undermine fiscal stability.

"I am confident that we can achieve the goal of restoring the investment rating in 2023, provided the people vote confidence in us and a strong and stable government emerges after the elections," Mitsotakis added.

Parliamentary elections in Greece will be held in May, announced Prime Minister Mitsotakis

He noted that acquiring an investment rating would help reduce the cost of borrowing for Greece.

Regarding electricity prices, the Greek Prime Minister said that his government is ready to actively support households and businesses and that as prices fall, the need for subsidies will also decrease.

He also noted that Europe needs to replenish its natural gas reserves and reform the electricity market, as no one can be sure what will happen next year.

Mitsotakis described Greece as a "protagonist" at the European level, pointing out that prices started to fall when the decision was made to cap natural gas prices. He called for more energy export networks to central Europe, including energy that can be transferred to Europe from Africa.

Asked about his meeting with Italian Prime Minister Giorgia Meloni and the renegotiation of the Hellenic Train contract, the Greek prime minister said he invited Meloni to Athens before the election and she accepted.

He said the meeting could discuss fiscal rules, migration and Italy's support for the restart of Greek railways, with the Italian company investing in more reliable and safer trains and the Greek state investing in the network.

Regarding the elections and the possibility of cooperation to form a coalition government, Mitsotakis reiterated that the country "needs a strong and stable government to make the big leap into the future" and that he will continue to strive for it.

He also ruled out any possibility of water privatization, dismissing such claims as "fake news".

Mitsotakis specifically stressed that Greek banks are "absolutely stable and not threatened" by the recent turmoil in international markets, as non-performing loans in their portfolios have fallen from 40 percent when he came to power to just under 10 percent now.

Kyriakos Mitsotakis