Italy's Energy Strategy and EU Support

Prime Minister Giorgia Meloni had given a mandate to her ministers to pursue all avenues to find the resources necessary to deal with the increases in energy prices, which, in all likelihood, will no longer go through a general cut in excise duties, but through aid aimed at the weakest groups. Just as he continues to invite the European Commission to do so. And something seems to be moving on the Rome-Brussels axis.

Already at the end of April, the President of the European Commission, Ursula von der Leyen, had reported that in the various EU programs as many as 300 billion are available for energy investments, and of these 95 billion have not yet been invested. For the most part, however, they would be Recovery loans, and then Cohesion funds and the Modernization Fund, in which, however, Italy does not participate. The expectation, as mentioned, is that Brussels will ask to prioritize investments over subsidies. The measures against high energy prices must be "temporary and targeted", underlined meanwhile the EU commissioner, Valdis Dombrovskis. "It is a supply shock and a supply shock cannot be resolved by stimulating demand", and "the needs of fiscal sustainability must also be taken into account", he recalled.