Macron: G7 to address energy issues
French President Emmanuel Macron has announced that a G7 meeting will be held in the coming weeks to discuss the energy crisis, caused by rising costs resulting from the U.S.-Israeli war on Iran. The focus of the meeting will be on strengthening cooperation among member countries and exploring options such as drawing from strategic reserves or lifting restrictions to address the current crisis. Additionally, Macron is under increasing pressure due to soaring energy costs and their impact on the national budget, with the French Prime Minister planning to cut spending by €54 billion by 2027 as part of a strategy to reduce the deficit to 5% of GDP. Meanwhile, European discussions are intensifying around imposing taxes on energy companies' profits to benefit from the rising prices.
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