Greece Fights Inflation: New National Authority to Oversee Market

Greece Launches National Authority to Combat Inflation ATHENS, GREECE – In a significant move to address rising consumer prices, Greek Prime Minister Kyriakos Mitsotakis announced the establishment of a new National Authority. This body will be tasked with overseeing the market, protecting consumers, and collaborating with existing regulatory agencies like the Hellenic Competition Commission (HCC). The goal is to enhance price transparency and combat unfair market practices. "This new authority will provide a strong and unified front against price gouging," Mitsotakis stated in a recent video address. "It will work in tandem with the HCC and other relevant bodies to ensure a fair and transparent market for all Greek citizens." The authority's responsibilities will include monitoring prices, investigating complaints from consumers, and imposing sanctions on businesses engaging in price manipulation. To further enhance citizen participation, a new mobile app will be launched, allowing consumers to easily report suspected price violations. This initiative represents a significant step towards tackling inflation and protecting the interests of Greek consumers.