Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: At least two soldiers killed by anti-tank missile fired at Israeli army forces in the Gaza Strip
Local Syrian sources: Mortar shells fell on more than nine villages in the Sweida countryside
Local Syrian sources: Dozens of dead and wounded have arrived at Sweida hospitals as a result of ongoing clashes at several locations in the western Sweida countryside
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation

Italy lambasts Germany's protective energy plan

  • By Al Mayadeen English
  • Source: Agencies
  • 30 Sep 2022 18:34
  • 2 Shares
4 Min Read

Italy's Prime Minister Mario Draghi and recently elected far-right Giorgia Meloni did not agree with Germany's individualist response to the energy crisis

  • x
  • Italy reacts on Germany's protective energy plan
    Italy reacts on Germany's protective energy plan

As Germany recently announced earlier its 200 billion euro ($194-billion) plan to help businesses and households from rising energy prices, Italy's outgoing PM Mario Draghi and Giorgia Meloni found fault in the plan while calling for Europe to come together in solidarity.

"Faced with the common threats of our times, we cannot divide ourselves according to the amount of room in our national budgets," said Draghi in a press statement on Thursday.  

Yesterday, Germany announced a 200-billion-euro ($194-billion) package with the aim of "protecting households and businesses" from surging energy prices. Germany's Finance Minister Christian Lindner had told reporters that Germany is in the midst of an "energy war over prosperity and freedom" with Russia, adding that the package is a "crystal clear answer to Putin that... we are strong economically".

Draghi told reporters that "The energy crisis requires a response from Europe to reduce costs for families and businesses, to limit exceptional gains made by producers and importers, to avoid dangerous and unjustified distortions of the internal market, and to keep Europe united once against in the face of an emergency."   

On Friday, the Italian Minister for Ecological Transition Roberto Cingolani reaffirmed Rome's support for an EU-wide cap on the price of gas.  

"Everyone has recognized that there is a priority at the moment, which is to bring down the cost of gas. But there is also a second priority, to avoid in doing so creating a shortage of gas," Cingolani said.  

Draghi has likewise been supportive of this proposal. His possible successor, Giorgia Meloni, whose far-right Brothers of Italy party won elections last Sunday, also expressed a similar stance.  

Ahead of Friday's meeting, she expressed positive views about the price-cap suggestion. She also criticized Germany and called for a common EU response to the energy crisis.  

"We need a common solution at the European level to help firms and families," she said. "No member state can offer effective and long-term solutions on its own in the absence of a common strategy, not even those that appear less financially vulnerable," she said.

Related News

CNBC unveils strategic plan to revitalize Syria energy sector with US

Syria to sign deal to import electricity from Turkey, minister says

Read more: Germany's gas dependency blamed on Russia: German FM

According to S&P Global Ratings, Italy and Germany are now the two largest European countries most exposed to a gas supply shock due to their extensive use of natural gas and significant reliance on Russia.

Surging costs of power linked to gas prices have already stunted the production of various industries, such as fertilizers and aluminum manufacturers, and prompted EU governments, such as Germany, to increase their spending by billions in order to help their citizens.

The German Federal Statistical Office Destatis released Thursday provisional data revealing that inflation in Germany is expected to rise to a record high of 10% in annual terms in September, up to 7.9% a month earlier.

On September 10, the General Confederation of Italian Artisans (CGIA), an Italian trade union, revealed that households and companies are losing an extra 82.6 billion euros ($83.8 billion) over the surging electricity and gas prices.

The CGIA also said that the government is likely to pass an $83.8 billion relief package to tackle the soaring costs of energy, the union revealed.

On September 11, Roberto Cingolani told the Italian newspaper la Repubblica that "Capping only Russian gas makes no sense. It is currently delivered to Europe in very small quantities."

"In any case, we should give a signal to all producers. Europe imports three-quarters of pipeline natural gas. It is fair that it, as the world's largest buyer, should help set the price to protect businesses and citizens," he added.

Experts predicted that the energy crisis to further worsen since the G7 agreed in September 3 to impose a price cap on Russian oil. 

Read more: Draghi comforts EU, new government policy to remain same: Reports

  • Italy
  • Germany
  • Energy crisis

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS