Cheap Russian energy stopped in 2022.

There is no way back.

End of Russia as a permanent provider of low-cost energy.

End of China as a main export market to make them our main competitor.

The U.S. imposing tariffs on our economy and a coercion mechanism.

This is a game changer, which is why this is not just a transition, and none of these new factors will change in the short run.

This is not a temporary shock. This is clearly a structural turning point.

We cannot wait. We have to accelerate our decisions.

We have to take some measures that sometimes are not part of our DNA, but we are living in totally different new times.

We have to accept to deliver some critical measures not very familiar with the classical European toolkit, because we are living different times.

Let's move and let's act.

We must make Europe an independent power.

Not just being a single market, but an economic power, meaning protecting our producer, defending our producer, and deciding to protect as well our own markets, and building our strategic independence.

High energy prices, combined with carbon costs, are accelerating deindustrialization and not decarbonization.

As long as we differentiated renewable, nuclear, and so on, it was a stupidity.

As long as we put additional regulations on our industries, we have to be sure that we reflect them to the non-European industries.

We have to kill our regulation to our own players; our overregulation strategy is the killer of our own industry.

So many times we invest in and finance non-European solutions; we are crazy.

I have just finished meeting with Prime Minister Netanyahu, of Israel, and various of his Representatives. It was a very good meeting, the tremendous relationship between our two Countries continues.

There was nothing definitive reached other than I insisted that negotiations with Iran continue to see whether or not a Deal can be consummated.

If it can, I let the Prime Minister know that will be a preference.
If it cannot, we will just have to see what the outcome will be. Last time Iran decided that they were better off not making a Deal, and they were hit with Midnight Hammer — That did not work well for them.

Hopefully this time they will be more reasonable and responsible.
Additionally, we discussed the tremendous progress being made in Gaza, and the Region in general.

There is truly PEACE in the Middle East. Thank you for your attention to this matter!