Maloney's warning about the European energy crisis

Georgia Maloney called for the development of long-term EU solutions to curb energy prices and emphasized on strengthening industrial competitiveness by criticizing strict regulations and carbon emission system. The post Maloney's warning about Europe's energy crisis appeared first on Safir Arjan.

According to Ambassador Arjan, Italian Prime Minister Giorgia Meloni on Monday asked the European Union to formulate a long-term agreement to deal with high energy prices and warned that Europe is facing the risk of remaining dependent on emergency responses.

According to Ambassador Arjan Meloni, speaking at the Assolombarda Business Forum in Milan, he called for "structural and long-term answers" and said he would raise the issue of flexibility at Thursday's meeting of the European Council.

He described his proposal as "a simple proposal based on common sense as well as responsibility."

Maloney, German Chancellor Friedrich Mertes and Belgian Prime Minister Bart de Wever also sent a joint letter to European Council President Antonio Costa linking energy costs and regulatory simplification to industrial competitiveness.

According to the Italian prime minister's office, the leaders called for the acceleration of investment procedures in priority sectors, including energy and digitalization, and an end to rigid bureaucratic processes, especially for small and medium-sized enterprises.

Meloni also criticized the European Union's emissions trading system, saying it would drive up prices, divide member states and hurt businesses.

Europe, which previously faced the problem of energy supply due to the sanctions imposed on Russian gas exports, is now faced with an unprecedented increase in fuel prices due to the closure of the Strait of Hormuz due to America's arson in West Asia. About 20% of the world's consumed oil and gas passes through this important waterway.

Meloni had previously criticized US President Donald Trump's illegal war against Iran because of its consequences for his country's economy and energy markets.