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This week Prime Minister Kyriakos Mitsotakis announced the initiation of seismic surveys to locate potential natural gas reserves in two offshore blocks southwest of Greece's Peloponnese peninsula and the island of Crete.
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In April, Energean, the country's sole oil producer so far, announced test drilling at the onshore block in the northwestern area of Ioannina in 2023, the first such drilling in the country in 22 years.
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Greece views gas as a transition fuel as it ramps up renewables and says the shift in its strategy, following the war in Ukraine, will not undermine its plan to boost green energy and cut carbon emissions by 55% by 2030 in line with European Union climate change targets.
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European Commission President Ursula von der Leyen, center, talks with European Commissioner for Energy Kadri Simson, right, taxi Thessaloniki to airport price and European Commissioner for Health and Food Safety Stella Kyriakides as they arrive for taxi prices Volos the weekly College of Commissioners meeting at EU headquarters in Brussels, taxi price athens to airport Wednesday, Nov.
But the fossil fuel industry worldwide has been making the case for the continued use of hydrocarbons as a means to address the energy and economic crisis caused by the Ukraine war and to create wealth.
The European Commission, the EU´s executive arm, said Wednesday that the new plans would give member states with serious debt issues far greater leeway in combining a commitment to longer-term debt reduction while not excessively burdening a stretched population over too short a time.
While environmental campaigners are pushing for a shift to zero-carbon fuel, Greece is among the countries that says the disruption of Russian energy supplies as a result of the Ukraine war is reason to increase hydrocarbons exploration.
Finance Minister Christian Lindner said that "it is clear that any reform of the European fiscal rules must correspond to the core principle of ensuring financial stability." German reaction was swift - and predictable.
After the 27-nation bloc had to spend its way out of a COVID-19 recession and as another downturn looms with Russia's war in Ukraine worsening inflation, the challenge is keeping investment high and rafina to athens airport taxi cost debt levels manageable.
BRUSSELS (AP) - The European Union is considering more lenient economic recovery proposals that veer away from the grinding, and several other countries during the debt crises a decade ago and helped push millions into poverty, homelessness and unemployment.
In hindsight, even EU officials have acknowledged there was an excess of austerity over a short period after the 2008 financial crisis, compounded by the sovereign debt crisis in a half-dozen EU nations a few years later.
European Commissioner for Justice Didier Reynders, left, talks with European Commissioner for taxi price athens to airport Economy Paolo Gentiloni as they arrive for the weekly College of Commissioners meeting at EU headquarters in Brussels, Wednesday, Nov.
"With the wisdom that you can have after the crisis, we can say that we were not able to keep the level of investments as they should have been in the 10 years after the economic and financial crisis," Gentiloni said.
Gentiloni went close to saying as much Wednesday. The reduction of debt "was not successful because the rules became more and more unrealistic. And when you have unrealistic path, at the end you have no path."
