The German model was based on buying cheap Russian gas and selling it to China, secure in the protection of the US. Now this model has failed and everyone has to deal with it.euro
Media mentions – ECFR Rome
Although Imec is more of a complementary option than an alternative to Suez, it would ease the pressure on the canal by providing an additional route for certain types of goods
The agreement strengthens Italy’s position as an energy bridge between North Africa and Northern Europe, not only for gas, but also for hydrogen in the future
What can be done is to create ‘alternative routes’ to the Red Sea, which is one of the most important bottlenecks for data traffic as well, and not just maritime traffic
Perhaps I am too pessimistic. But my impression is that Joe Biden risks a ‘Carter moment’ in the Middle East.
Europe must become more economically competitive by forging trade agreements with third markets—especially given the U.S. reluctance to define its trade policy.
Arancha González Laya, Nathalie Tocci and Guntram Wolff on Trump-proofing Europe
The Mattei Plan is valid. The right-sizing of expectations allows Rome’s project to be represented as feasible
Italy wants to build cooperation and serious strategic relationships in Africa as equals, not predators
We are not planning to change the fate of relations between Europe and Africa, but we are offering something concrete
China is likely more willing to pay the bill for the increasing commercial costs than to get involved militarily (or politically, especially if pressured by the US) in the Red Sea crisis, for now