June 2, 2024
2 mins read

EU parliament should look to Rome for inspiration, says Meloni  

Meloni said the 27-nation bloc needed to rein in its regulatory ambitions and interfere less in the lives of its citizens….reports Asian Lite News

The next European Parliament should copy the current Italian model of government, drawing together all parties on the right of the political spectrum to rule together, Prime Minister Giorgia Meloni said on Saturday.

Addressing her only campaign rally ahead of a June 6-9 vote across the European Union, Meloni said the 27-nation bloc needed to rein in its regulatory ambitions and interfere less in the lives of its citizens.

Meloni, head of the rightist Brothers of Italy party, is one of Europe’s most closely watched leaders, presenting herself as a bridge between the mainstream center-right and her own arch-conservative camp, which was previously shunned.

Opinion polls suggest that groups around the political center — the center-right, center-left, Greens and Liberals — will be able to form another majority in the next EU parliament, which decides on laws that drive policy in the bloc.

But Meloni, who leads a coalition in Italy that unites centrist and far-right parties, said she wanted to see this replicated at a European level to foster a conservative agenda.

“We have a clear objective — we want to do in Brussels what we did in Rome a year and a half ago; build a center-right government in Europe and finally send the leftists, reds, greens and yellows, who have caused so much damage to our continent over the years, into opposition,” she said.

In a one hour-long speech, she made no mention of merging her conservative umbrella group in Europe with a far-right alliance that includes Marine Le Pen’s National Rally in France.

While EU moderates say they can work with Meloni, whose party is expected to win the most votes in Italy, they have ruled out any power-sharing deal with Le Pen and her allies.

Meloni said past EU commissions — the bloc’s de facto government — had been out of touch with ordinary people, and that it should be more pragmatic in future.

“Europe can continue to try to regulate every aspect of our existence and be ineffective in crisis scenarios right at our doorstep, or it can choose to do fewer things and do them better,” she told a crowd of flag-waving supporters.

She highlighted areas where she said Europe was failing, including by imposing demanding environmental standards on firms that had to compete against countries with no such restraints or that had much lower production costs.

Specific mention was made to the growing power of Chinese car manufacturers, amid alarm that the EU’s promotion of green energy will damage Italy’s auto industry.

“Europe can continue to open our markets to those who do not respect our same social and environmental standards, or it can protect our businesses adequately from unfair competition to defend the civilization and welfare that has been achieved over the centuries,” she said, to cheers.

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Pakistan Risks Overstretching Itself in Yemen War

Pakistan’s expanding military role in Saudi Arabia amid the Yemen conflict could strain its defence resources and fragile finances…reports Asian Lite News Desk Pakistan’s military involvement in the war in Yemen may prove unsustainable because of mounting financial pressures and competing security demands, according to a new report. Islamabad’s growing military presence in Saudi Arabia risks stretching its defence resources while exposing the country to greater strategic and economic challenges. An article by Andrew Wilson in One World Outlook describes Pakistan’s involvement as a case of “fiscal and strategic overreach”, arguing that the country lacks the financial flexibility to sustain an expanded military commitment. Pakistan’s external finances depend heavily on an International Monetary Fund (IMF) programme, financial support from Gulf countries and remittances from Pakistani workers in the region. The report argues that deeper military involvement in the conflict could place additional pressure on these sources of financial stability. It also warns that deploying troops and military equipment abroad could weaken Pakistan’s capacity to address security challenges along its eastern border and deal with two domestic insurgencies. The move could also draw Islamabad into a conflict it has sought to approach cautiously. A Reuters report in May, citing Pakistani security and government sources, said Islamabad had deployed around 8,000 troops, a squadron of approximately 16 aircraft, mostly JF-17 fighter jets, two drone squadrons and a Chinese HQ-9 air-defence battery to Saudi Arabia. According to those sources, Riyadh was financing the deployment, with Pakistani personnel operating the equipment. The sources also said a confidential agreement contemplated the possibility of deploying up to 80,000 troops. Islamabad has not confirmed those figures, although it has acknowledged its military presence in Saudi Arabia, including the deployment of fighter jets at King Abdulaziz Air Base from April. The One World Outlook article argues that Saudi financial support can cover allowances and operating expenses but cannot easily replace military equipment needed elsewhere or resolve the political and strategic challenges of participating in the Yemen conflict. Pakistan’s defence budget is another concern. For the 2026-27 financial year, the federal government allocated PKR 3 trillion, or approximately $10.8 billion, to defence services. The allocation represents an 18 per cent increase from the original PKR 2.55 trillion provision and amounts to around 2.1 per cent of projected gross domestic product (GDP). Defence spending accounts for approximately 16 per cent of the federal government’s PKR 18.8 trillion expenditure. Military pensions are budgeted separately at PKR 822 billion, while debt servicing costs stand at approximately PKR 8 trillion, more than two-and-a-half times the defence allocation. The report argues that these competing financial obligations leave little room for additional military expenditure without placing further pressure on public finances. Pakistan’s reliance on IMF assistance also limits its fiscal flexibility. The country must meet the conditions attached to the programme, including a primary budget surplus target of 2 per cent of GDP and continued restraint on development spending. According to the article, these requirements make it difficult for Islamabad to finance an additional military commitment without compromising other budgetary priorities. Pakistan’s economic indicators offer limited reassurance. Economic growth for the 2025-26 financial year is estimated at between 3.6 and 3.7 per cent, while inflation reached approximately 10.3 per cent in September following an energy price shock. Foreign exchange reserves stood at around $21.5 billion at the end of September. Although this marks an improvement from the low levels recorded in 2023, the report notes that the reserves cover only a few months of imports. Financial assistance from Gulf partners remains central to Pakistan’s external stability. The article says Islamabad holds approximately $8 billion in Saudi deposits at its central bank. In July, the State Bank of Pakistan said Riyadh had extended the maturity of $5 billion in deposits to December 2028, easing the country’s immediate external financing requirements. A further $3 billion deposit was also extended in the spring. However, the article argues that these arrangements provide temporary relief rather than long-term financial independence, particularly as regional conflict threatens the stability of the Gulf economies on which Pakistan relies. The report concludes that Pakistan faces a difficult balance between supporting Saudi Arabia militarily and preserving the financial and military resources needed to address its domestic and regional challenges.

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