Figure 4  Gas prices (daily data)  250  250  200  200  150  150  100  100  50  50  0  0  01jan2020  01jul2020  01jan2021  European gas (TTF; in euros)  01jul2021  01jan2022  US gas (Henry Hub; in dollars)  Source: Refinitiv.
The new government is facing all but an easy task which is to implement tough and swift fiscal consolidation measures and reform the public sector, while at the same time employing its rather scarce resources to underpin economic activity and ensure growth in employment.