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Greece Considers Reducing Business Energy Costs Without EU Approval

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Yesterday, Development Minister Nikos Dendias stated that Greece is considering decreasing business energy prices, even without the European Union's consent.

The Development Minister stated after a cross-ministerial industrial policy discussion, "We are pursuing an honest dialogue regarding the reduction of energy costs but if we disagree with our partners about the measures, we can - as a sovereign country – legislate... Anyone who wants to can then haul us before EU bodies", according to Kathimerini.

Dendias confirmed that lower energy prices will be discussed with European Commission President-elect Jean Claude Juncker, during his trip to Athens next week by Greek governmental leaders.

The Hellenic Federation of Enterprises (SEV) and the cabinet held a meeting this week, where industrialists voiced their request to decrease energy costs. SEV claimed that Hellenic agencies pay 30% more in natural gas prices than competitors in other EU nations.