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
Al Mayadeen correspondent: One martyr and one wounded in an Israeli drone attack on the town of Hafir, west of Baalbek, eastern Lebanon.
Al Mayadeen correspondent: An Israeli drone fired three missiles in the vicinity of the town of Bodai, west of Baalbek.
Reuters: The Rapid Support Forces announced that they have taken over the headquarters of the Sudanese Armed Forces in al-Fasher.
Al Mayadeen correspondent: An Israeli drone strike targeted the town of Al-Qlailah, Southern Lebanon.
Al Mayadeen's correspondent in South Lebanon: Israeli drone strikes town of Harouf, Nabatieh district.
Factions' statement: The attendees agreed to support and continue implementing the ceasefire agreement measures, including the withdrawal of the occupation and lifting the siege.
Factions' statement: Calling for an end to all forms of torture and violations against prisoners in occupation prisons and the necessity of obligating the occupation to do so.
Statement: The current moment is crucial, making the meeting a true turning point toward national unity in defense of our people and their right to life, dignity, and freedom.
Factions' statement: Call for an urgent meeting of all Palestinian forces and factions to agree on a national strategy.
Factions' statement: Continuing joint work to unify visions and positions to confront the challenges facing the Palestinian cause.

Italy lambasts Germany's protective energy plan

  • By Al Mayadeen English
  • Source: Agencies
  • 30 Sep 2022 17:34
  • 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

Italian Eni CEO says Europe still has no energy security plan

EU declares largest global Ukraine support package of $200 billion

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

From previous scenes of the Qassam Brigades targeting an Israeli D9 bulldozer with a Yassin 105 shell, east of Deir al-Balah. (Military Media of the Qassam Brigades)

US knew fatal Rafah blast cause was not Hamas op., says journalist

  • Politics
  • 20 Oct 2025
'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

  • Technology
  • 24 Oct 2025
Abu Hamza, the spokesperson for the Al-Quds Brigades, during a speech televised on October 22, 2025 (Al-Quds Brigades Military Media)

Al-Quds Brigades' Abu Hamza mourns leaders, vows continued resistance

  • Politics
  • 22 Oct 2025
US missionary kidnapped in Niger capital, suspected taken toward Mali

US missionary kidnapped in Niger capital, suspected taken toward Mali

  • Africa
  • 23 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Undated photo of Hanwha Ocean’s Goeje Shipyard in South Korea (Hanwha Ocean)
Politics

China counters US maritime bloc with sanctions on Hanwha Ocean

Catherine Connolly speaks after being after being elected as the new President of Ireland at Dublin Castle, Ireland, Saturday, Oct. 25, 2025. (AP)
Politics

Connolly wins Irish presidency in blow to political establishment

Buildings destroyed during the Israeli air and ground offensive are seen in the Al-Shati camp, in Gaza City, Friday, Oct. 24, 2025. (AP)
Politics

'Israel's' post-ceasefire demolitions in Gaza violate agreement: Hamas

Iran's Foreign Minister Abbas Araghchi attends the 17th annual BRICS summit in Rio de Janeiro, Brazil, July 7, 2025 (AP)
Politics

Iran’s Araghchi: Our nuclear bomb is resilience, not weapons

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