Mario Draghi wants the European Union to adopt bolder energy measures to cushion economies and consumers from the shock of Russia’s invasion of Ukraine, and is hoping that a renewed alliance among Mediterranean countries will help his pitch.
The Italian prime minister hosted Spain’s Pedro Sanchez and Portugal’s Antonio Costa in Rome on Friday, along with Greece’s Kyriakos Mitsotakis by videoconference. They discussed his plan to make Europe more resilient to energy shocks, which includes allowing joint purchases to boost negotiating power, joint storage and a cap on the price of gas imports.
