EU

Meloni at summit: 'Prioritise energy prices, they undermine competitiveness. Stop financial speculation"

The PM speaks at Alden Biesen Castle just after the co-chaired pre-summit with Friedrich Merz before the retreat on competitiveness

from our Brussels correspondent Manuela Perrone

 Il primo ministro italiano Giorgia Meloni parla alla stampa al suo arrivo al ritiro informale dei leader dell'UE al castello di Alden Biesen a Bilzen, in Belgio, il 12 febbraio 2026. La sessione strategica si concentra sull'approfondimento del mercato unico, sulla promozione degli investimenti e sul rafforzamento della competitività dell'Europa in un panorama geoeconomico in evoluzione.  EPA/OLIVIER HOSLET

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

"Personally, I have focused on energy prices. We need answers at the national level, like the very articulate measure that we will bring to the Council of Ministers next week. But we also need answers at the European level, because it is the most serious issue that jeopardises competitiveness'. Giorgia Meloni speaks at Alden Biesen Castle just after the prevertice co-chaired with Friedrich Merz before the retreat on competitiveness. And he confirms the priorities of his agenda, anticipated in Il Sole 24 Ore: "We must start with a thorough overhaul of the Ets system and curb financial speculation. Then the Cbam directive must be amended'.

The challenge: making proposals for the March European Council

Meloni then mentions the other main items of the German-Italian letter and the document presented together with Germany and Belgium: single market, simplifications, automotive. On this last point the position is clear: to favour the full implementation of the principle of technological neutrality.

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The challenge, today in Belgium, is to present shared proposals in view of the March European Council and 'see if the EU can offer concrete, immediate and effective answers. There is no more time to lose'.

Dialogue with France remains open

Meloni does not tread too lightly on the axis with Merz. She acknowledges the construction of a Italian-German motor on competitiveness and the convergence on economic dossiers, but - she points out - "this does not mean excluding anyone: France took part in the pre-summit". Nineteen countries in all, well over the majority, were present, together with the president of the EU Commission, Ursula von der Leyen: together with Italia, Germany, Belgium and the European Commission, Austria, Bulgaria, Cyprus, Croatia, Denmark, Finland, France, Greece, Luxembourg, the Netherlands, Poland, the Czech Republic, Romania, Slovakia, Sweden and Hungary joined. The leaders agreed to meet again in March in the margins of the Council to keep the focus on competitiveness and to help set 'concrete targets and deadlines'.

Eurobond? "I'm in favour, but it's a divisive debate"

However, the premier reiterates the points of distance from the French positions, starting with Italia's 'yes' to the free trade agreements, Mercosur model (opposed by Macron). Provided that Europe stops 'over-regulating' and that 'there is reciprocity': 'Then it is good to open up'. On the eurobonds she is cautious but inclined ("Personally, I am in favour, but it is one of the most divisive debates in Europe"), unlike the closing attitude shown by Merz: "There was no discussion, this meeting was only an inaugural meeting. We will continue to confront each other and work'.

Variable Alliances

That in the Union in search of revival the geometries of the alliances are variable, however, he acknowledges: "There are matters in which you are a group". And the groups are not and will not always be the same: "For example, in the negotiations on the 2028-2034 multiannual budget, Italia defends the role of Cohesion so that we do not make the mistake of considering it an alternative to competitiveness. On this we will agree more with the countries of the South'. Rome does not see in this multi-speed Europe, led by governments, a risk for integration, on the contrary. "It is good that there are countries that organise themselves, when they agree, to try to provide more precise elements and a convergence that has already been built. This can only help the work of the Council, but also citizens and businesses: if the indications to the Commission are not clear, they are lost'.

Draghi or Letta EU special envoys? "Figure that does not exist"

Asked if Mario Draghi or Enrico Letta could become EU special envoys for competitiveness, Meloni cut her short: 'I don't think such a figure exists. 'But certainly,' she added, 'both Draghi and Letta are making a very important contribution. We start from their relationships and I think they have both been invaluable'.

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