economy

March 12, 2026

Greece Introduces Emergency Measures

'These upheavals should not lead to profiteering,' Mitsotakis said during a monthly meeting with the Greek President.

Greece Introduces Emergency Measures

TL;DR

  • Greece will cap profit margins on fuel and supermarket products for three months.
  • The measures aim to combat speculation due to rising energy prices linked to the US-Iran conflict.
  • Greek Prime Minister Kyriakos Mitsotakis stated that "these upheavals should not lead to profiteering."
  • Hungary has already implemented price caps on gasoline and diesel in response to increased oil prices.
  • The conflict has affected key oil and gas production and transportation infrastructure.

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