Greece will propose setting up a European Union energy solidarity fund to mitigate the energy crisis impact on households, businesses and consumers, its energy minister said on Sunday, before EU ministers meet on Monday.
"The EU should take decisive collective action to address the energy crisis. Dealing with the problem on an individual basis is not a sustainable way forward," Energy Minister Kostas Skrekas said in a letter to EU ministers and commissioners.
A prolongation of the crisis in Ukraine will have significant costs for all EU economies, industries and consumers, inevitably leading to severe distortions in the single market, he said.
