Connect with us

Entertainment

gas dragons price cap agreement in europe

Published

on

Mario Draghi bids farewell to politics as Prime Minister speaking in Brussels on the sidelines of the European Council on October 21. The same day that Giorgia Meloni receives the task of forming the new government of Sergio Mattarella in Rome.

“This is my last press conference in Brussels, and my last as prime minister,” Draghi said. “I want to thank you all journalists, especially you based in Brussels. Telling what is happening here is difficult, it may take long nights but it is essential. Prime Minister Mario Draghi said so during a press conference. “The EU is fundamental, Italy must be at the center of the European project with the credibility, the authority, the determination that befits a great country like ours,” he added.

Photo Ansa / Filippo Attili

“We have always said that the response to the crisis must be European, we must preserve the unity of our countries, which is essential to impose maximum pressure on Russia,” Draghi added. “We must preserve the single market, prevent the risk of financial instability. A strong European response is essential for Italy and also for Europe,” added the outgoing Prime Minister. And he then recalled how the conclusions of the European Council “show that the Union is united. The package welcomes all proposals from Italy”.

Draghi: “We will have lower bills”

“The decision of the night led to a drop in the price of gasoline. After the deal, prices lost 10%, showing that the speculative component is relevant. This is how the crisis was managed from the start. And that will soon translate into lower bills,” Draghi said at the final press conference. “We expect that” in the coming weeks “the energy ministers as well as Ecofin reach an operational decision” on energy and “the financing of the common fund. This is the hope that the whole of the European Council has expressed”.

The President of the European Council, Charles Michel, with Mario Draghi. Photo Ansa

“Italy is a very strong state and has shown enormous power and credibility. And Italy’s economic performance is doing very well,” Draghi added, responding to those who asked him about the possible reactions of the markets when he left Palazzo Chigi. Concretely, on October 20 and 21, an agreement was reached at European level for the gas photo-finish, after 12 hours of tension, cross attacks, elongated faces. Then, the photo finish agreement.

The energy dossier and the price cap

The EU saves unity in the face of the Russian enemy on the most difficult dossier, that of energy. He does this by classifying, word for word, conclusions that remain ambiguous enough to leave the 27 half-satisfied. But for the party of the price cap and the new Sûre on energy, the agreement marks progress. At least compared to twenty days ago, when everything seemed to be falling apart. So much so that Mario Draghi, leaving the Europa building, underlines: “It went well”. The agreement indeed puts on paper “the urgency of concrete decisions” to be taken on gas. It will now be up to the new right-wing government to advance Italy’s interests in Europe.

The Milan Famagosta cogeneration and district heating plant. Photo Ansa / Matteo Coin

Continue Reading

Recent News

Kids Kids
Travel8 hours ago

Traveling with your Kids – Make it Careless And Memorable

Family adventures are inevitable when you have kids, it’s just that for parents some are more enjoyable than others. When...

Engagement Rings Engagement Rings
Fashion20 hours ago

Ready to Discover Exquisite Halo Engagement Rings Rare Carat Awaits

If you are new, do not confuse to buy halo engagement rings. You need just guidance. We are here to...

Transport Links Transport Links
Travel2 days ago

Transport Links in Bicester: Roads, Buses and Trains

Bicester, nestled in the heart of Oxfordshire, is a thriving market town renowned for its picturesque landscapes, historic charm, and...

Luxury Care Homes Luxury Care Homes
Home3 days ago

Elevating Elder Care: Exploring Luxury Care Homes

As the population ages, the demand for elder care services continues to rise. With this increasing demand comes a need for...

Injection Molding Service Injection Molding Service
Lifestyle3 days ago

Value Of Injection Molding Service In Modern Manufacturing

There are various fields in which the Injection Molding Service is used for manufacturing purposes. It is one of the boons...

SOHO SOHO
Tech3 days ago

Wireless Networking in a SOHO Environment

Also for a witness of this size, small office/home office or SOHO Network , it is very important to take...

Nikhil Mayakuntla Nikhil Mayakuntla
Tech4 days ago

Nikhil Mayakuntla Builds Your First Website (Step By Step)

Nikhil Mayakuntla, originally from West Des Moines, IA, is a beacon in the tech industry, especially revered for his profound...

Termite Treatment Termite Treatment
Home5 days ago

Mastering the Art of Pest Control and Termite Treatment: A Comprehensive Guide to Protecting Your Home

In homeownership, there are few concerns as pressing and potentially devastating as the threat of pests and termites. These insidious...

Cold Cold
Lifestyle6 days ago

6 Tips for Working Out in the Cold Season

As winter’s icy embrace tightens, maintaining an active lifestyle demands fortitude and savvy adaptation to the cold. However, armed with...

insMind insMind
Tech7 days ago

Reimagine Your Photos with insMind: The Best Free AI Background Generator

Imagine turning a simple snap into a studio-quality image in seconds. No technical skills or hiring professionals are required. Sounds...