Free Trial

Macron-Funding Of Energy Plans By Some Countries Has Created Tensions

EU

Speaking in Prague following the conclusion of the EU informal meeting of member state heads of gov't, French President Emmanuel Macron states that the 'funding of energy plans by some countries have creates tensions in the EU'.

  • Macron likely referring to the substantial EUR200bn energy relief plan put forward by the German gov't. Concerns it will make non-German producers uncompetitive (as large and small businesses stand to benefit from the plan).
  • Macron: There were no accords on concrete mechanisms among states on energy because no concrete mechanisms were proposed by the EU Commission [Italian PM Draghi stated Commission should come up with plans before 20 Oct Council summit].
  • Macron: "First objective: to have a common message to lower the price of gas, which will involve the coordination of Europeans among themselves [...] especially with our major Asian partners""

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.