Why Italy’s ‘red belt’ unbuckled

Jamie Dettmer is opinion editor at POLITICO Europe.  When asked who he’d vote for on the eve of Italy’s snap parliamentary elections, Renzo Ramacciani, a retired builder in his seventies, slapped his hand on the kitchen table and said, “Meloni.” Like many of his friends, until now he’s always voted for the Democratic Party (PD). […]

Continue Reading

The G7’s oil price cap is a perilous gamble

Johannes Nordin is a junior research fellow at the Institute for Security and Development Policy. Right before Russia’s Gazprom completely stifled gas flows through the Nord Stream I pipeline, G7 leaders had agreed in early September to implement a price cap on Russian energy exports. By leveraging Europe’s central position in the global maritime insurance […]

Continue Reading

The Italian job: Inside the backroom deal to put Giorgia Meloni in power

ROME — On a sultry summer evening, a few days after Prime Minister Mario Draghi’s government fell apart, Italy’s right-wing political leaders gathered in a private room inside Rome’s Palazzo Montecitorio, the lower house of parliament. The group included some of Europe’s most colorful, outspoken, and unpredictable political mavericks: Silvio Berlusconi, the 85-year-old billionaire lothario […]

Continue Reading

Germany set to backtrack on nuclear phaseout

BERLIN — Germany will “probably” extend the runtime of two of its three remaining nuclear power plants until April, Economy Minister Robert Habeck said Tuesday, blaming energy supply issues in France for the decision. He also announced more money for ailing German energy suppliers — something that could require Finance Minister Christian Lindner to suspend […]

Continue Reading

‘No Drama Starmer’: Is the UK Labour Party quietly marching back to power?

LIVERPOOL, England — As delegates amassed in Liverpool this week for the U.K. Labour Party’s annual get-together, the real drama was unfolding elsewhere. Monday morning saw the markets react brutally to the Conservative government’s tax-slashing mini-budget, with the pound plummeting to an all-time low and the cost of U.K. government borrowing forced sky-high. By lunchtime, […]

Continue Reading