Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Draghi criticises Germany’s €200-billion energy rescue shield
Euractiv ^

Posted on 10/01/2022 6:39:31 AM PDT by FarCenter

Outgoing Italian Prime Minister Mario Draghi and his likely successor have criticised Germany’s 200-billion-euro move to shield its citizens from rising energy prices, saying Europe must act together.

“Faced with the common threats of our times, we cannot divide ourselves according to the amount of room in our national budgets,” he said in a press statement late Thursday (29 September).

It came after Germany announced a 200-billion-euro shield to protect households and businesses from skyrocketing power costs, saying it was in an “energy war over prosperity and freedom” with Russia.

“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,” Draghi said.

At a meeting of EU energy ministers in Brussels on Friday, Italy’s Roberto Cingolani repeated Rome’s support for an EU-wide cap on the price of gas, something Draghi has been long been calling for.

“Everyone has recognised 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.


TOPICS: News/Current Events
KEYWORDS:
Navigation: use the links below to view more comments.
first 1-2021-23 next last
The fight over whether the national governments or the EU will take the lead in protecting their citizens will be fundamental to the EU's future.
1 posted on 10/01/2022 6:39:31 AM PDT by FarCenter
[ Post Reply | Private Reply | View Replies]

To: FarCenter
“Everyone has recognised that there is a priority at the moment, which is to bring down the cost of gas..."

      

Buy your natgas from Russia.

Oh, wait - ripping your own noses off your face with a chainsaw, to spite your face and STICK IT TO PUTIN, is the SMART thing to do.

The mouth-breathing EuroTrash are raising MY energy bills. Effing scum.

2 posted on 10/01/2022 6:43:44 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FarCenter

How exactly does a monitory shield protect users against a scarcity of supply?


3 posted on 10/01/2022 6:45:54 AM PDT by JonPreston
[ Post Reply | Private Reply | To 1 | View Replies]

To: JonPreston
These people are oxygen thieves.

Fortunately, the globalist Elites have recognized their thievery, and taken steps to remedy the problem in Europe.     

4 posted on 10/01/2022 6:49:55 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
[ Post Reply | Private Reply | To 3 | View Replies]

To: JonPreston

“ How exactly does a monitory shield protect users against a scarcity of supply?”
*******************************************************************

Actually, if I’m remembering my Economics 101 correctly, it doesn’t; it actually increases scarcity by keeping demand up by more than it would otherwise be with the higher prices.


5 posted on 10/01/2022 6:50:38 AM PDT by House Atreides (I’m now ULTRA-MAGA-PRO-MAX)
[ Post Reply | Private Reply | To 3 | View Replies]

To: FarCenter

“Everyone has recognised that there is a priority at the moment, which is to bring down the cost of gas.”

The only way to do that is to bring more gas to market.

That’s it. Europe can’t “conserve” their way out of this.

Period.

L


6 posted on 10/01/2022 6:52:16 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lurker

>>The only way to do that is to bring more gas to market.

The Iranians have a lot of gas available. The Germans should do a deal with Iran.


7 posted on 10/01/2022 6:59:12 AM PDT by FarCenter
[ Post Reply | Private Reply | To 6 | View Replies]

To: JonPreston
Simple...


8 posted on 10/01/2022 7:00:05 AM PDT by EEGator
[ Post Reply | Private Reply | To 3 | View Replies]

To: kiryandil
saying [Germany] was in an “energy war over prosperity and freedom” with Russia

that's why they're not buying from Russia

why fund your enemy?


9 posted on 10/01/2022 7:00:48 AM PDT by canuck_conservative
[ Post Reply | Private Reply | To 2 | View Replies]

To: House Atreides

You sir, win this thread.


10 posted on 10/01/2022 7:02:32 AM PDT by JonPreston
[ Post Reply | Private Reply | To 5 | View Replies]

To: JonPreston; House Atreides
The reaction to the sabotage of three of the four Nord Stream 1 and 2 pipelines in four places on Monday, September 26, has focused on speculations about who did it and whether NATO will make a serious attempt to discover the answer. Yet instead of panic, there has been a great sigh of diplomatic relief, even calm. Disabling these pipelines ends the uncertainty and worries on the part of US/NATO diplomats that nearly reached a crisis proportion the previous week, when large demonstrations took place in Germany calling for the sanctions to end and to commission Nord Stream 2 to resolve the energy shortage.

The German public was coming to understand what it will mean if their steel companies, fertilizer companies, glass companies and toilet-paper companies were shutting down. These companies were forecasting that they would have to go out of business entirely – or shift operations to the United States – if Germany did not withdraw from the trade and currency sanctions against Russia and permit Russian gas and oil imports to resume, and presumably to fall back from their astronomical eight to tenfold price increase. - Michael Hudson

https://smoothiex12.blogspot.com/

Good thing those methane hydrate plugs and shoddy Russian maintenance fortuitously kicked in at EXACTLY the right time to bail out the German Green politicians from the consequences of their country-killing decisions...

DAMN that Putin!!

    

11 posted on 10/01/2022 7:04:28 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
[ Post Reply | Private Reply | To 3 | View Replies]

To: canuck_conservative

I see that Chrystia let you out for your morning run.


12 posted on 10/01/2022 7:05:21 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
[ Post Reply | Private Reply | To 9 | View Replies]

To: canuck_conservative; kiryandil
why fund your enemy?

Kinda like how you send your taxes to Trudeau just to have him step on your neck.

13 posted on 10/01/2022 7:07:57 AM PDT by JonPreston
[ Post Reply | Private Reply | To 9 | View Replies]

To: kiryandil

back with your petty personal insults again?

oh right, this war isn’t going well for you Russian shills so you can’t talk about any achievements on the battlefield ... guess petty insults are all you got these days

LOL

(enjoy those sanctions)


14 posted on 10/01/2022 7:08:12 AM PDT by canuck_conservative
[ Post Reply | Private Reply | To 12 | View Replies]

To: FarCenter

Rather than subsidies for energy consumers, Europe probably needs to

1) embark on a crash program of building nuclear power plants, drilling, fracking, reopening old coal mines, building coal fired power plants

and

2) erect massive tariff barriers for a few years until these sources of energy are built.

Otherwise, all of their manufacturing is going to die and quickly. This is not a great solution. Prices for goods will skyrocket. People will feel a lot of pain. But its better than the alternative. 20 years of utterly idiotic energy policy cannot be reversed overnight.


15 posted on 10/01/2022 7:09:47 AM PDT by FLT-bird
[ Post Reply | Private Reply | To 1 | View Replies]

To: canuck_conservative
You're just not that bright.

Does Justine follow you with the plastic bag, or does Chrystia do it herself?

16 posted on 10/01/2022 7:10:09 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
[ Post Reply | Private Reply | To 14 | View Replies]

To: JonPreston
Kinda like how you send your taxes to Trudeau just to have him step on your neck.

He gets a little dish of Justine's oysters after his morning run.

17 posted on 10/01/2022 7:12:03 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
[ Post Reply | Private Reply | To 13 | View Replies]

To: canuck_conservative

So you think it’s gone well for the average Ukrainian? You don’t see the long term ramifications of Europe’s energy shortage? I’m tired of seeing shit comments about supporting Russia for having enough sense to know we should have sat that out.


18 posted on 10/01/2022 7:26:04 AM PDT by enduserindy (Brian Schnepf)
[ Post Reply | Private Reply | To 14 | View Replies]

To: House Atreides; JonPreston

I’m going to go out on a limb and say that none of these energy ministers were students of the Chicago school of economics.


19 posted on 10/01/2022 7:34:39 AM PDT by FreedomPoster (Islam delenda est)
[ Post Reply | Private Reply | To 5 | View Replies]

To: House Atreides

Yes,
Anytime, there is scarce resource, there are two ways to solve it - either the price goes up so high that some people just cannot afford it (market way), or by government regulation (socialistic way), when the people could afford it, but there is no product on the market!
Basic Economy 101!


20 posted on 10/01/2022 8:04:08 AM PDT by AZJeep
[ Post Reply | Private Reply | To 5 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-23 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson