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
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.
Sirens sound in large areas of occupied Palestine after a missile launch from Yemen was detected
Al Mayadeen's correspondent: 14 martyrs arrive at al-Shifa Hospital following Israeli massacre of al-Sultan Family north of Gaza.
Qatari PM: We must not surrender to the arrogance of extremists and pursue our quest for a 'two-state solution'
Qatari PM: The only path to peace begins through negotiations and a ceasefire
Qatari PM: We demand that the Security Council assume its historical responsibility, as silence in the face of the law of the jungle undermines international peace and destabilizes the UN system
Qatari PM: The extremists who rule "Israel" do not care about the lives of the "hostages"; otherwise, how can the timing and location of the attack be explained?
Qatari PM: 'Israel's' attack on Hamas leaders in Doha is a violation of Qatar's sovereignty
Qatari PM: The ongoing [Israeli] violations only prove one thing: the Israeli officials' drunkenness on power amid impunity
Yemeni Ministry of Health: The death toll from the Israeli aggression on Sanaa and Al-Jawf Governorate has risen to 46, in addition to 165 injuries, including a large number of women and children, according to a non-final toll

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

EU declares largest global Ukraine support package of $200 billion

CNBC unveils strategic plan to revitalize Syria energy sector with US

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

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Israeli police and rescue teams respond at the scene of a shooting attack where several people killed and injured in Jerusalem, Monday, Sept. 8, 2025 (AP)

Al-Quds shooting: 7 settlers killed, several critically injured

  • Politics
  • 8 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

Pro-'Israel' far-right Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Damage sustained after a Yemeni drone exploded in Ramon Airport, southern occupied Palestine, Sunday, September 7, 2025 (Social Media)

Yemeni drone successfully hits Ramon Airport in southern Palestine

  • Politics
  • 7 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Palestinians run for cover during an Israeli military strike on a building in Gaza City, Saturday, Sept. 13, 2025. (AP Photo/Yousef Al Zanoun)
Politics

Israeli bombs kill 45 in Gaza as schools, homes targeted

Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization
Palestine

Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

Hamas: Over one million in Gaza face ethnic cleansing
Palestine

Over one million in Gaza face ethnic cleansing: Palestinian Resistance

Head of the National Security Committee in Iran’s Parliament, MP Ebrahim Azizi. (Tasnim News Agency)
Politics

Iran parliament security chief: NPT exit on table if snapback invoked

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