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Europe Today: Energiepreisschock und Russland-Öl-Sanktionen prägen G7-Finanztreffen
In Paris beraten die G7-Finanzminister am zweiten Tag über steigende Energiepreise, Sanktionen und die Folgen der Lage in Hormus. Italiens Regierungschefin Meloni drängt die EU, die Energiekrise so ernst zu nehmen wie Verteidigungsausgaben.
LESEN SIE MEHR : http://de.euronews.com/2026/05/19/europe-today-energieschock-und-russland-ol-sanktionen-pragen-heikle-g7-finanzgesprache
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In Paris beraten die G7-Finanzminister am zweiten Tag über steigende Energiepreise, Sanktionen und die Folgen der Lage in Hormus. Italiens Regierungschefin Meloni drängt die EU, die Energiekrise so ernst zu nehmen wie Verteidigungsausgaben.
LESEN SIE MEHR : http://de.euronews.com/2026/05/19/europe-today-energieschock-und-russland-ol-sanktionen-pragen-heikle-g7-finanzgesprache
Abonnieren Sie! Euronews gibt es in 12 Sprachen.
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NewsTranskript
00:00Musik
00:14Good morning, it is Tuesday the 19th of May.
00:17I'm Maeve McMahon and this is Europe Today.
00:21Your daily dose of European news and analysis live here on Euronews.
00:25Coming up, US President Donald Trump has said he is holding off on a military strike on Iran
00:31as Gulf countries told him serious negotiations are taking place.
00:35His comments come as G7 finance ministers and central bank governors gather in Paris
00:41amid rising concern over the economic fallout 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
00:56and aims to support farmers facing a blockage of fertiliser 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,
01:12Trump-proof the EU-US turnbree trade deal.
01:15The heat is on since the US President threatened new tariffs on European cars
01:20and EU capitals are nervous about 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
01:32where the US Treasury Secretary has already sparked concern
01:36after announcing a pause in sanctions on Russian oil exports.
01:40The talks come as investors remain nervous about inflation, higher borrowing costs
01:45and the long-term economic impact of the war.
01:48For the latest, we're joined here in the studio by our Maria today, our Europe editor.
01:52Maria, 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
02:01because we still see the ramifications from the situation in the Middle East
02:05and, 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.
02:14An elite gathering of G7 ministers, G7 central bankers,
02:18a head 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,
02:37the United States once again confirming and announcing that they will extend this waiver on Russian oil.
02:45That means that Russian oil that is at sea, that is in transit,
02:50countries will be able to buy it and not be in breach of U.S. sanctions.
02:54So that is significant in terms of what the U.S. is hoping to achieve,
02:58which is to ease some of the concerns of the supply,
03:00but also to bring down some of the price pressures because of the instability in the Middle East.
03:05The flip side is that Russia will financially benefit from this decision,
03:09which will be in place for the next 30 days.
03:12For the Europeans, this is bad news and it is a blow to their strategy because it means,
03:17yes, once again, sanctions will be eased on Russian energy.
03:21The Europeans argue it's the complete opposite.
03:24The 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.
03:41Of 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,
04:08dump, which is 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.
04:39And 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.
05:01And these two stories, of course, are connected because energy prices, we've seen now more than three months of elevated
05:07energy 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.
05:28And 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.
05:38It 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.
05:45It'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.
06:46There is a risk of stagflation, but we've not seen a massive recession manifest.
06:51Okay, Maria Seu, thank you so much for that analysis.
06:53And you can catch more of Maria's analysis on her brand new newsletter that is called Off the Record.
06:58But now we can take you to the French city of Strasbourg, where MEPs are meeting for a routine voting
07:04session.
07:04Tough 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 fresher 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,
08:25so they are baking free defensive shields into the text.
08:29The known as Sunrise Clause stoles the deal until Washington drops these steel duties.
08:34And 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,
08:45allowing Brussels to suspend everything,
08:48if Trump threatens European territorial integrity again.
08:51And quite predictably, this has split Brussels.
08:55The centre-right EPP wants a quick deal to avoid industry chaos,
09:00but the socialists are digging in.
09:02And top European Parliament negotiator,
09:04Bern Lange,
09:05insists European legislation must not be dictated by threats from Washington.
09:10So if negotiators reach a compromise tonight,
09:13the tax heads to a plenary vote in June.
09:15But 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,
09:29you now have a perfect iceberg at Topic.
09:32And no, you don't have to thank me for that.
09:40Jakub Janos there.
09:41Well, our correspondent in Strasbourg,
09:43Vincenzo 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
09:49in the very European Parliament in Strasbourg.
09:52So good morning, Vincenzo.
09:53Just tell us, it is make or break time now
09:56for the EU-US trade deal.
09:57Tell 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
10:07from the US administration to get this deal done.
10:10But there are still some clauses,
10:13some details to fix.
10:15And we are here with Geliana 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 taking so long?
10:26But we must understand that we are here
10:29represented 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,
10:39jobs-orientated, and it's trying to save
10:41the European industry and European jobs
10:43and to give them certainty by making this deal done
10:46and by closing this deal.
10:49But on the other hand, you have groups
10:50who are really advocating ideological fight
10:53on the other side of the ocean,
10:57which I'm strictly against.
10:58And we are having all these geopolitical changes
11:01being a part of the deal,
11:04which is not from the start meant to be.
11:08So the prolongation extension is despite our will,
11:12despite the will of the European People's Party.
11:15The socialists are trying to stick to stricter clauses,
11:18let's say like this.
11:20OK, but US President Donald Trump said
11:22there 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
11:37that was done in August last year.
11:39I mean, if I was an American,
11:41I would also be confused about our side
11:44of 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
11:58from this side and all this legislative procedure
12:01is taking a long time.
12:04And ideological fight, as I already said,
12:07in what is going on in the United States.
12:09We, the European People's Party,
12:11wanted 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.
12:24I mean, I felt confident yesterday.
12:27It's like the weather in Brussels
12:30or here in Strasbourg.
12:32It changes, you know, every hour.
12:35And by the news that I'm receiving,
12:39I'm also receiving different messages
12:41from my colleagues.
12:42And I'm not so confident this morning
12:45by the...
12:48What did this change?
12:50No, but I haven't seen that the position has changed.
12:53So we will see.
12:54We have a shadows meeting
12:55and I will discuss with my colleagues
12:57how serious we are to enter into negotiations
13:00to 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
13:06to get the deal done
13:08and for it to be approved
13:10in June plenary session
13:11so to match Trump's deadline.
13:15What will happen,
13:16it will happen a perfect storm
13:17for our industry,
13:18for our jobs,
13:19for our tourism.
13:21I'm from Croatia.
13:22everything will, you know,
13:24spiral from German car industry
13:27to Italian cheese industry,
13:29wine and everything
13:30to Croatian tourism industry.
13:32The perfect storm will happen
13:34and then the consequences will be clear
13:36who will be paying it.
13:38And from the start,
13:39I was saying
13:39I was for our part of the deal
13:41to be respected
13:42and I'm not responsible
13:43for a perfect storm
13:44we are running into.
13:46Okay, let's hope not.
13:48Juliana Zovko,
13:49thank you very much
13:49and good luck, I think.
13:50Thank you.
13:51I think you need it.
13:52May.
13:52Of course, good luck.
13:54We'll all keep a very close eye
13:55on whether that does end out
13:56to be a perfect storm
13:57and report it here
13:59on Euro News.
14:00But Vincenzo,
14:01before you go,
14:01tonight MEPs or today
14:02will also be taking a moment out
14:04to hand out
14:05the so-called
14:05European Order of Merit prize.
14:07It goes to a figure
14:08who's been working towards
14:10pushing EU values
14:11and integration.
14:12There's some well-known figures
14:13up for the prize.
14:14Tell us more.
14:17Yes, indeed.
14:18European Parliament
14:19President Roberta Metsola
14:20will honor the laureates
14:22of the European Order of Merit.
14:2420 prominent European figures
14:26have been selected
14:27including Ukrainian President
14:30Volodymyr Zelensky,
14:31Moldovan President Maya Sandu,
14:33former Polish President
14:34Lech Walesa,
14:35there are also
14:35the Irish rock band U2
14:37that you know very well
14:38and basketball player
14:40Gianni Santetokounmpo.
14:41But the most controversial name
14:43is probably former German
14:45Chancellor Angela Merkel.
14:47We know her legacy
14:48is quite disputed.
14:50She has been a stabilizing force
14:53during her 16 years in power.
14:56She was a reassuring presence.
15:00Indeed, Germans nicknamed her
15:01Mutti, which means mom.
15:03But she had also,
15:05let's say, dark sides.
15:08Well, for example,
15:09the debt crisis,
15:10Germany's interdependence
15:12with Russia,
15:13the appeasement
15:13towards Vladimir Putin
15:15after the annexation
15:16of Crimea in 2014,
15:19the shutdown
15:19of nuclear energy
15:21was also a contentious point,
15:23and Commission President
15:24Ursula von der Leyen
15:25criticized it
15:26like in the past months.
15:29So opinions are quite divided
15:32on Merkel's legacy
15:33and it will be very interesting
15:35to see how the hemicycle
15:37will react today
15:39to her brief address
15:41here in the plenary
15:43in Strasbourg
15:43at 11.30.
15:45And, of course,
15:46we will follow it
15:47on Euronews, Maeve.
15:48We will indeed.
15:49A long morning and night
15:50for you there in Strasbourg,
15:51Vincenzo Ginovese.
15:52Thank you so much
15:53for that live update.
15:55But now,
15:55back in Brussels,
15:56exactly.
15:5725 years ago,
15:58EU member states
15:59agreed to set up
16:00an EU military committee
16:01to respond initially
16:02to the Balkan conflicts
16:04of the 90s.
16:05And this week,
16:06EU chiefs of defence
16:07from all across Europe
16:08will be flocking
16:09to Brussels to celebrate.
16:10But souring the mood,
16:11of course,
16:12will be the ongoing war
16:12in Ukraine
16:13and the conflict
16:14in the Middle East.
16:15For more,
16:15I'm joined here in the studio
16:16by General Sean Clancy,
16:18that's the chairman
16:18of the EU military committee.
16:20Good morning.
16:21Good to have you with us.
16:22So this week,
16:22as I said,
16:23chiefs of defence
16:24will be flocking
16:24to Brussels to celebrate,
16:26but are you all
16:27on the same page
16:27when it comes to the threats
16:28facing the Union today?
16:30Oh, very much so.
16:31I think flocking
16:32into celebrations,
16:32I think it's a moment
16:33of reflection
16:34more than celebration.
16:35I think it's,
16:35you know,
16:36it's a time to pause
16:36and reflect how far
16:38the European military committee,
16:40but the European paradigm
16:41of security and defence
16:42has come as a whole
16:43over that period of time.
16:44No more so
16:44in the last four years,
16:45and you've mentioned it,
16:46Ukraine,
16:46which is the number one priority
16:48for all of us
16:48and the focus of everyone.
16:50Although we do come
16:51from the geographical spaces
16:52throughout Europe,
16:54so it's north,
16:55south,
16:55east and west,
16:56and we take all
16:56of these things
16:57into consideration,
16:58but Ukraine,
16:59of course,
16:59is the primacy
17:00and the priority
17:01in which we examine it.
17:02And this week,
17:03of course,
17:04with the chiefs of defence,
17:05we will be looking
17:06at shaping the challenges
17:07that influence all of us,
17:09what our responses
17:11are to that,
17:12and through our reflections
17:13in our meetings,
17:14then we will be looking
17:15at the key issues
17:17such as the European
17:17security strategy,
17:19the defence readiness,
17:19and primarily then,
17:21of course,
17:21Ukraine,
17:22where we will be joined
17:23by General Sersky
17:24from Ukrainian forces himself.
17:26And you just mentioned
17:26Ukraine this morning,
17:27reporting of reports
17:28of 500 drones,
17:29dozens of missiles
17:30being fired into Ukraine,
17:31a serious escalation
17:32in the last couple
17:33of days there.
17:34Does this forum,
17:35though,
17:35carry any weight?
17:37Well,
17:37this isn't serious escalation.
17:38This, unfortunately,
17:39is happening
17:39on a regular basis.
17:41And the extraordinary
17:43resilience of the
17:44Ukrainian armed forces,
17:45but the Ukrainian people
17:45as a whole,
17:46has transformed Ukraine
17:48into a fortress nation now.
17:50And Ukraine,
17:52from a European point of view,
17:53is integral
17:54to the future security
17:55of Europe.
17:56So this isn't just
17:57beneficiaries
17:58of European charity.
17:59This is strategic initiative
18:01and imperative for Europe.
18:03But can the EU
18:03ever transition
18:04to this military powerhouse?
18:07EU doesn't have to transition
18:09to a military powerhouse.
18:10Let's be very clear.
18:11The defence and deterrence
18:12of the Euro-Atlantic area,
18:13the responsibility
18:14for this lies with NATO.
18:15Europe brings huge strengths
18:17in terms of military advices,
18:19in terms of economic power,
18:21industrial power,
18:22and its ability then
18:23to, through its
18:24common security
18:25and defence policy instruments,
18:27to bring stability,
18:29security to many areas.
18:30We've seen it
18:30in the Western Balkans,
18:32which was the initial,
18:32I suppose,
18:33start out through Concordia
18:35of the EU military committee,
18:36way back 25 years ago.
18:38But since then,
18:39when we reflect
18:39on what the EU has done,
18:41we see it in the Middle East
18:42through what the EU
18:43is trying to do
18:43in terms of the Lebanon
18:45going forward
18:46with the withdrawal
18:46of UNIFIL.
18:48We see it in terms
18:49of our missions
18:49and operations,
18:5015 of which we have completed
18:52in the last 25 years.
18:53Currently,
18:53there are nine live missions
18:55and operations.
18:56And the power of the EU
18:57is exercised,
18:59for instance,
19:00through our EU
19:00military assistant mission,
19:02where we have trained
19:0393,000 soldiers
19:04of the Ukrainian armed forces
19:06to date.
19:06And we will continue
19:07unrelentily,
19:08unrelentily doing this
19:10and we will shape
19:11the future of the armed forces
19:13of Ukraine
19:14with the help
19:15of the 27 member states
19:17working coherently together.
19:18Okay, Sean Clancy,
19:20thank you so much
19:20for coming into us today
19:21on your news
19:22on Europe Today.
19:23And for all other news
19:24and analysis
19:25on what's going on today
19:26in Strasbourg
19:26and across Europe,
19:27do visit euronews.com
19:28or reach out to us
19:29at europetoday
19:30at euronews.com.
19:31Take care
19:31and see you soon
19:32on Euronews.
19:57Euronews.
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