Europe's energy crisis
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Economy
Record bets against the euro: how much further could it fall?
The euro hit a 17-month low as French debt fears and Europe's energy shock weigh on the currency. Bond market stress could limit further ECB rate hikes, while analysts see scope for the euro to fall to $1.10 if the pressure intensifies.
Europe News
Von der Leyen takes on Europe’s refineries amid energy crunch
Europe wants to reduce its dependence on fossil fuels, but while it still relies heavily on oil — particularly diesel — reducing the infrastructure that processes that oil has increased vulnerability during the green transition.
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Business
Fuel prices in Italy: tax cuts end, diesel rises and hauliers threaten strikes
With tax breaks expiring and the decree on flexible excise duties delayed, diesel prices are rising again. The haulage sector warns of a strike as the government summons oil companies that have introduced initial capped prices.
Europe Today
European diesel reserves cover 10 days of the world's demands - expert
"Even if all of 300 million barrels of European reserves are released, it will only cover around 10 to 11 days of the world's diesel demand", energy expert, Osama Rizvi tells Euronews and Europe Today, about President Trump's call to European countries to release some of their diesel reserves.
Europe News
Meloni asks Brussels for fiscal leeway as energy shock squeezes Italy
Italian prime Minister Giorgia Meloni is urging the European Commission again to relax the EU's fiscal rules, saying that higher inflation due to soaring energy prices is squeezing households and businesses, according to a letter seen by Euronews.
Europe News
EU holds crisis meeting as US pressure mounts to release emergency oil
EU countries and the European Commission are holding talks on Friday that could pave the way for a new emergency oil reserves release, as pressure from Washington mounts. Energy Commissioner Dan Jørgensen told Euronews a fresh emergency release is "a possibility".
Europe News
Greece urges EU to loosen fiscal rules as energy crisis deepens
High energy prices and military escalation at energy facilities in the Middle East prompted Greek Prime Minister Kyriakos Mitsotakis to ask Brussels for greater fiscal flexibility. Greece has the largest debt among EU countries and is heading to polls in 2027.
