He stated this upon his arrival at an informal meeting of EU economy and finance ministers in Prague.
“Government debt, of course, has grown as a result of all crises and now stands at 97% in the eurozone.
The Eurozone is still showing modest growth and showing low unemployment, but huge inflation continues to threaten a recession," TASS quoted him as saying.
To prevent this, he called for financial regulation and urgent action to combat the energy crisis.
Earlier, Slovenian Prime Minister Robert Golob announced the collapse of the European gas and electricity market.