Good morning from Brussels. This is Mared Gwyn with a packed newsletter to kick off your Wednesday.
First, an exclusive: The European Commission is set to criticise the Italian government's cuts to excise fuel duties in a report published later today, arguing that such untargeted measures are ineffective. This after Prime Minister Giorgia Meloni asked Brussels for even more fiscal flexibility to respond to the energy crisis stemming from the Iran war, as our political correspondent Luca Bertuzzi explains.