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Europe Today: La energía y las sanciones a Rusia centran la cumbre clave del G7
Los ministros de Finanzas del G7 se reúnen en París por segundo día para abordar el encarecimiento de la energía, las sanciones y el impacto de las interrupciones en Ormuz, mientras Giorgia Meloni pide a la UE tratar la crisis energética con la misma urgencia que el gasto en Defensa.
MÁS INFORMACIÓN : http://es.euronews.com/2026/05/19/europe-today-el-shock-energetico-y-las-sanciones-al-petroleo-ruso-dominan-la-cumbre-clave
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Los ministros de Finanzas del G7 se reúnen en París por segundo día para abordar el encarecimiento de la energía, las sanciones y el impacto de las interrupciones en Ormuz, mientras Giorgia Meloni pide a la UE tratar la crisis energética con la misma urgencia que el gasto en Defensa.
MÁS INFORMACIÓN : http://es.euronews.com/2026/05/19/europe-today-el-shock-energetico-y-las-sanciones-al-petroleo-ruso-dominan-la-cumbre-clave
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00:30...file a military strike on Iran as Gulf countries told him serious negotiations are taking place.
00:35His comments come as G7 finance ministers and central bank governors gather in Paris amid rising concern over the economic
00:44fallout from the Middle East conflict.
00:46And in a nod to farmers across Europe, Brussels will unveil its so-called Fertiliser Action Plan today.
00:53The Million Euro Plan will be funded by leftover cap funds and aims to support farmers facing a blockage of
00:59fertiliser supplies in the Strait of Hormuz.
01:01But many farmers are concerned and are demanding an exemption from the EU's carbon border tax rules.
01:07Plus, MEPs gather in Strasbourg today to, among other things, try to, quote, Trump-proof the EU-U.S. turnbree
01:15trade deal.
01:16The heat is on since the U.S. president threatens new tariffs on European cars and EU capitals are nervous
01:22about strong safeguards in case Washington retaliates will be live in Strasbourg.
01:27But we can start with that G7 finance ministers meeting taking place today in Paris, where the U.S. Treasury
01:33Secretary has already sparked concern after announcing a pause in sanctions on Russian oil exports.
01:40The talks come as investors remain nervous about inflation, higher borrowing costs and the long-term economic impact of the
01:47war.
01:48For the latest, we're joined here in the studio by our Maria today, our Europe editor.
01:53Maria, these meetings take place at a very crucial time for the European economy.
01:56What can be achieved really today?
01:58Well, yes, for the European economy, but also the global economy, because we still see the ramifications from the situation
02:05in the Middle East and, of course, the Strait of Hormuz, which is far from operating normally.
02:10Now, for this meeting, it's day two.
02:12This is just to set the scene for our viewers, an elite gathering of G7 ministers, G7 central bankers, the
02:19head of the European Central Bank.
02:20Christine Lagarde will also be there and the boss of the Eurogroup.
02:24On the agenda, there's a number of issues which go from trade to sanctions to, of course, China.
02:30Increasingly, trade tensions between the European Union and the Chinese are palpable.
02:34But to start with, the sanctions yesterday, as you mentioned, the United States once again confirming and announcing that they
02:41will extend this waiver on Russian oil.
02:45That means that Russian oil that is at sea, that is in transit, countries will be able to buy it
02:52and not be in breach of U.S. sanctions.
02:54So that is significant in terms of what the U.S. is hoping to achieve, which is to ease some
02:59of the concerns of the supply, but also to bring down some of the price pressures because of the instability
03:04in the Middle East.
03:05The flip side is that Russia will financially benefit from this decision, which will be in place for the next
03:1130 days.
03:12For the Europeans, this is bad news and it is a blow to their strategy because it means, yes, once
03:18again, sanctions will be eased on Russian energy.
03:21The Europeans argue it's the complete opposite. The strategy should be totally radically different.
03:26This is the time to increase the pressure on the Russians and not allow them to cash in on global
03:32instability.
03:32But the U.S. seems to be concerned, as I mentioned, with global supply.
03:36They say they're also doing this, quote, for vulnerable nations are now feeling the heat because of the war.
03:42Of course, obviously, the war is led by the U.S., Israel versus Iran.
03:46And they also argue that it will stop China from stockpiling the oil that is available for the Europeans.
03:51However, it is a blow to their strategy when it comes to the sanctions.
03:54The other issue that will feature heavily is China and the Chinese overcapacity.
03:58We've talked about this on the show repeatedly on Euronews.
04:01For the Europeans, this is key.
04:03They believe that the Chinese, with this massive overload and capacity, a lot of that could be, quote, dump, which
04:09is not a very polite term.
04:10But the idea is that they will now try to relocate some of their extra production to Europe that could
04:16have an impact on the European industry not being able to compete on the same terms.
04:21We spoke on Euronews with the commissioner for trade who said that the EU will not allow this, that they
04:26will fight and really fight hard for every industry and every job.
04:30And at the same time, you're seeing increasingly more defensive measures from the Europeans.
04:34The Financial Times, of course, yesterday reported that the EU could be prepared to intervene the supply chain.
04:40And there's also been reports that the EU will seriously now consider plans to diversify suppliers coming into Europe.
04:47So a lot of that will feature heavily in this meeting.
04:49Pretty high stakes meeting.
04:50And this meeting comes, of course, as Vladimir Putin, the Russian president, is on his way to Beijing.
04:54But just tell us as well, speaking of energy, we've seen Italy's Georgia Maloney upping the ante over deficit rules
04:59here in Brussels.
05:00Well, she has. And these two stores, of course, are connected because energy prices, we've seen now more than three
05:06months of elevated energy prices.
05:08The Strait of Hormuz is a crucial point for global oil and is still far from, as I mentioned, operating.
05:15Normally, all of that is having trickle-down effects on the European industry.
05:18For a country like Italy, really, it's the SMEs, it's the small and medium companies that are the backbone to
05:24this country.
05:25This is having a serious impact. And the Italian prime minister is facing an election next year, too.
05:31So she's now sending a letter, which hopefully we can put up on the screen.
05:35Maeve, everyone in Brussels got a copy of this letter yesterday. It was leaked all over the place.
05:40So really, the Italians wanted to send a big message with this.
05:43What they argue is that this is an emergency. It's just as important as defense.
05:47This is critical for Europe.
05:49And they call on the Commission to relax their fiscal rules.
05:53Remember, for European countries every year, they have to keep their deficit below 3%.
05:58What Giorgia Meloni argues is that unless there is an easing on those rules, unless there's an exemption to measures
06:04related to energy,
06:06well, Italy will go above the 3%.
06:08Or if they don't want to do that, they will not be able to play into a massive defense program
06:13that the EU wants, that the Commission wants, which is the safe.
06:16So she's really saying, if you want me to play ball on defense, you need to help me out on
06:20energy.
06:21A lot of that, the Italians feel their concerns have not been addressed properly by Brussels.
06:25And all of this is happening in anticipation of a European leaders' summit.
06:28We now see that the Italian leader is saying either we get flexibility on energy or this is going to
06:34have an impact on defense.
06:35We cannot spend for everything.
06:37The problem, however, is Brussels says in order to put forward extraordinary measures, you need to have a severe economic
06:44downturn.
06:45But the EU is not quite there yet.
06:47There is a risk of stagflation, but we've not seen a massive recession manifest.
06:51OK, Maria Steyo, thank you so much for that analysis.
06:54And you can catch more of Maria's analysis on her brand new newsletter that is called Off the Record.
06:59But now we can take you to the French city of Strasbourg, where MEPs are meeting for a routine voting
07:04session.
07:05Tough talks are set to take place late into the night about whether or not to rubber stamp that controversial
07:10EU-US trade deal.
07:12For a refresher first, though, to hear what's at stake, here's our Jakub Janus.
07:18Hey, what are you doing tonight at 9 p.m.?
07:21Maybe going for a date?
07:22If so, better thought for European lawmakers and diplomats locked tonight in a room in Strasbourg,
07:28desperately trying to prevent an all-out transatlantic trade war.
07:32And the clock is ticking down to an unforgiving 4th of July deadline set by Donald Trump,
07:37who has threatened a 25% tariff on European cars if Brussels refuses to accept his terms.
07:44All right, so how did Europe end up in this mess?
07:49Last July, Trump and Ursula von der Leyen struck a trade deal in Scotland.
07:53And the maths looked simple.
07:55Zero tariffs on US industrial goods against a 15% cap on European exports.
08:00And all of that was built to protect a relationship with almost 1.7 trillion euros.
08:06And that's a lot of zeros.
08:08But now the European Parliament is pushing back.
08:12After a US Supreme Court ruling against the tariffs,
08:16Washington introduced new duties on steel and aluminium,
08:19effectively violating the treaty before signature.
08:22And European lawmakers argue Europe cannot be bullied,
08:26so they are baking free defensive shields into the text.
08:29The known as Sunrise Clause stoles the deal until Washington drops these steel duties.
08:35And there is also the Sunset Clause,
08:37which automatically ends the agreement in March 2028,
08:40so just before Trump leaves office.
08:43Finally, there is also the Greenland Clause,
08:46allowing Brussels to suspend everything,
08:48if Trump threatens European territorial integrity again.
08:52And quite predictably, this has split Brussels.
08:55The center-right EPP wants a quick deal to avoid industry chaos,
09:00but the socialists are digging in.
09:02And top European Parliament negotiator Bern Lange
09:05insists European legislation must not be dictated by threats from Washington.
09:10So if negotiators reach a compromise tonight,
09:13the text heads to a plenary vote in June.
09:16But if the deadlock holds,
09:18this massive trade relationship hits a cliff edge.
09:21And that 4th of July deadline will bring a wave of American tariffs
09:25straight to Europe's doorstep.
09:27So if you are going on a date tonight,
09:30you now have a perfect iceberg at topic.
09:32And no, you don't have to thank me for that.
09:41Jakob Janos there.
09:42Well, our correspondent in Strasbourg, Vincenzo Genovese, has plans for tonight.
09:45He'll be covering these crunch talks for Euronews.
09:48And he's standing by for us this morning in the very European Parliament in Strasbourg.
09:52So good morning, Vincenzo.
09:53Just tell us, it is make or break time now for the EU-US trade deal.
09:58Tell us more.
10:00It is, Maeve.
10:01Good morning.
10:02Good morning from Strasbourg.
10:03As you said, as you explained,
10:05the clock is ticking, pressure is mounting from the US administration
10:09to get this deal done.
10:10But there are still some clauses, some details to fix.
10:15And we are here with Juliana Zovko,
10:17who is one of the people who will be in the room.
10:19She's the negotiator from the European People's Party.
10:22Why is it taking so long?
10:26But we must understand that we are here represented by different political groups.
10:31So on one hand, I'm representing the European People's Party,
10:35the central-right party that is pro-business, jobs-orientated,
10:40and it's trying to save European industry and European jobs
10:44and to give them certainty by making this deal done and by closing this deal.
10:48But on the other hand, you have groups who are really advocating ideological fight
10:53on the other side of the ocean, which I'm strictly against.
10:59And we are having all these geopolitical changes being a part of the deal,
11:04which is not from the start meant to be.
11:08So the prolongation extension is despite our will,
11:13despite the will of the European People's Party.
11:15The socialists are trying to stick to stricter clauses, let's say, like this.
11:20OK, but US President Donald Trump said there is a deadline.
11:24For July, after this, much higher tariffs.
11:27So do you feel the pressure?
11:29But that's a part of the interpretation,
11:33how this European Union is treating the deal that was done in August last year.
11:39I mean, if I was an American, I would also be confused about our side of respecting the deal,
11:46because Americans have started his part immediately.
11:50The process is much more simple,
11:53but the complex procedure that is completely acceptable from this side
11:59and all this legislative procedure is taking a long time.
12:04And ideological fight, as I already said, in what is going on in the United States.
12:09We, the European People's Party, wanted this deal done immediately,
12:14but I'm afraid we cannot do it on our own.
12:18But do you feel confident for tonight?
12:19I mean, what are the most contentious points?
12:22I know it's a difficult question.
12:23I mean, I felt confident yesterday.
12:27It's like the weather in Brussels or here in Strasbourg.
12:32It changes, you know, every hour.
12:36And by the news that I'm receiving,
12:39I'm also receiving different messages from my colleagues.
12:42And I'm not so confident this morning by the...
12:48What did it change?
12:50No, but I haven't seen that the position has changed.
12:53So we will see.
12:54We have a shadows meeting and I will discuss with my colleagues
12:57how serious we are to enter into negotiations to get this deal done tonight.
13:02But what happens if you can't track a deal?
13:04I mean, this is one of the last chances to get the deal done
13:08and for it to be approved in June plenary session,
13:12so to match Trump's deadline.
13:15What will happen?
13:16It will happen in a perfect storm for our industry,
13:19for our jobs, for our tourism.
13:20I'm from Croatia, everything will, you know, spiral from German car industry
13:27to Italian cheese industry, wine and everything to Croatian tourism industry.
13:32The perfect storm will happen and then the consequences will be clear
13:36who will be paying it.
13:38And from the start, I was saying I was for our part of the deal to be respected
13:42and I'm not responsible for a perfect storm we are running into.
13:46OK, let's hope not.
13:48Jelena Zovko, thank you very much and good luck, I think.
13:50Thank you.
13:51I think you need it.
13:52May.
13:53Of course, good luck.
13:54We'll all keep a very close eye on whether that does end out to be a perfect storm
13:57and report it here on Euro News.
14:00But, Vincenzo, before you go, tonight MEPs or today will also be taking a moment out
14:04to hand out the so-called European Order of Merit prize.
14:07It goes to a figure who's been working towards pushing EU values and integration.
14:12There's some well-known figures up for the prize.
14:14Tell us more.
14:17Yes, indeed, the European Parliament President Roberta Metsola will honor the laureates of
14:22the European Order of Merit.
14:24Twenty prominent European figures have been selected, including Ukrainian President Volodymyr
14:30Zelensky, Moldovan President Maya Sandu, former Polish President Lech Walesa.
14:35There are also the Irish rock band U2, that you know very well, and basketball player Gianni
14:40Santetokounmpo.
14:41But the most controversial name is probably former German Chancellor Angela Merkel.
14:47We know her legacy is quite disputed.
14:50She has been a stabilizing force during her 16 years in power.
14:56She was a reassuring presence.
15:00Indeed, Germans nicknamed her Mutti, which means mom.
15:04But she had also, let's say, dark sides.
15:07Well, for example, the debt crisis, Germany's interdependence with Russia, the appeasement
15:13towards Vladimir Putin after the annexation of Crimea in 2014.
15:19The shutdown of nuclear energy was also a contentious point.
15:23And Commission President Ursula von der Leyen criticised it, like, in the past months.
15:29So opinions are quite divided on Merkel's legacy.
15:34And it will be very interesting to see how the hemicycle will react today to her brief address
15:41here in the plenary in Strasbourg at 11.30.
15:45And, of course, we will follow it on Euronews, Maeve.
15:48We will indeed. A long morning and night for you there in Strasbourg, Vincenzo Genovese.
15:52Thank you so much for that live update.
15:55But now, back in Brussels, exactly 25 years ago, EU member states agreed to set up an EU
16:00military committee to respond initially to the Balkan conflicts of the 90s.
16:05And this week, EU chiefs of defence from all across Europe will be flocking to Brussels to celebrate.
16:10But souring the mood, of course, will be the ongoing war in Ukraine and the conflict in the Middle East.
16:15For more, I'm joined here in the studio by General Sean Clancy, that's the chairman of the EU military committee.
16:20Good morning. Good to have you with us.
16:22So this week, as I said, chiefs of defence will be flocking to Brussels to celebrate.
16:26But are you all on the same page when it comes to the threats facing the Union today?
16:30Oh, very much so. I think flocking into celebrations, I think it's a moment of reflection more than celebration.
16:35I think it's, you know, it's a time to pause and reflect how far the European military committee.
16:40But the European paradigm of security and defence has come as a whole over that period of time.
16:44No more so in the last four years, and you've mentioned it, Ukraine, which is the number one priority for
16:48all of us and the focus of everyone.
16:50Although we do come from the geographical spaces throughout Europe, so it's north, south, east and west, and we take
16:56all of these things into consideration.
16:58But Ukraine, of course, is the primacy and the priority in which we examine it.
17:02And this week, of course, with the chiefs of defence, we will be looking at shaping the challenges that influence
17:09all of us, what our responses are to that.
17:12And through our reflections in our meetings, then we will be looking at the key issues such as the European
17:17security strategy, the defence readiness, and primarily then, of course, Ukraine.
17:22Where will we be joined by General Siersky from Ukrainian forces himself?
17:26And you just mentioned Ukraine this morning, reporting of reports of 500 drones, dozens of missiles being fired into Ukraine.
17:31A serious escalation in the last couple of days there.
17:34Does this forum, though, carry any weight?
17:37Well, this isn't serious escalation.
17:38This, unfortunately, is happening on a regular basis.
17:41And the extraordinary resilience of the Ukrainian armed forces, but the Ukrainian people as a whole, has transformed Ukraine into
17:49a fortress nation now.
17:50And Ukraine, from a European point of view, is integral to the future security of Europe.
17:56So this isn't just beneficiaries of European charity.
18:00This is strategic initiative and imperative for Europe.
18:03But can the EU ever transition to this military powerhouse?
18:07The EU doesn't have to transition to a military powerhouse.
18:10Let's be very clear.
18:11The defence and deterrence of the Euro-Atlantic area, the responsibility for this, lies with NATO.
18:15Europe brings huge strength in terms of military advices, in terms of economic power, industrial power,
18:22and its ability then to, through its common security and defence policy instruments, to bring stability, security to many areas.
18:30We've seen it in the Western Balkans, which was the initial, I suppose, start out through Concordia of the EU
18:35military committee way back 25 years ago.
18:37But since then, when we reflect on what the EU has done, we see it in the Middle East through
18:42what the EU is trying to do in terms of the Lebanon going forward with the withdrawal of UNIFIL.
18:48We see it in terms of our missions and operations, 15 of which we have completed in the last 25
18:52years.
18:53Currently, there are nine live missions and operations.
18:56And the power of the EU is exercised, for instance, through our EU military assistant mission, where we have trained
19:0393,000 soldiers of the Ukrainian armed forces to date.
19:06And we will continue unrelentily, unrelentily doing this.
19:10And we will shape the future of the armed forces of Ukraine, with the help of the 27 member states,
19:17working coherently together.
19:19OK. Sean Clansky, thank you so much for coming into us today on Euronews on Europe Today.
19:23And for all other news and analysis on what's going on today in Strasbourg and across Europe, do visit Euronews
19:28.com or reach out to us at Euronews.com.
19:31Take care and see you soon on Euronews.
19:57Euronews.
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