Economic data
Aktor Chief Urges Europe to Subsidize Power and Cut Gas Fees to Head Off 'Energy Crisis' This Winter
The head of Greek infrastructure group Aktor said European governments must act now to subsidize electricity and slash gas transit charges, warning that a looming winter energy crisis could otherwise send inflation out of control. Alexandros Exarchou, Aktor's chief executive, told S&P Global's Platts that governments must go beyond the ordinary because this is a crisis. "Otherwise, in my opinion, inflation will spiral out of control," he said, urging the European Union to let member states subsidize power prices further. On gas, he called for deep cuts in the cost of moving imports across