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20.55 ▼ 0.19% B3SA3 15.69 ▲ 2.35% WEGE3 44.26 ▲ 0.14% PRIO3 57.50 ▼ 0.12% SUZB3 41.48 ▲ 0.90% RENT3 40.35 ▼ 0.47% AZZA3 18.66 ▼ 1.01% CSAN3 3.93 ▲ 1.03% RAIZ4 0.29 ▼ 6.45% PCAR3 2.62 ▲ 6.94% GMAT3 3.98 ▲ 0.51% PSSA3 55.22 ▲ 1.71% CVCB3 1.34 ▼ 2.90% POSI3 3.95 ▼ 1.00% SLCE3 13.50 ▼ 2.24% NATU3 8.67 ▲ 1.40% BRKM5 6.41 ▼ 6.15% RANI3 7.98 ▼ 0.37% CSNA3 5.24 ▲ 0.77% CMIN3 5.24 ▲ 2.75% USIM5 8.20 ▼ 0.36% GGBR4 24.20 ▲ 3.77% ENEV3 26.95 ▼ 0.81% CPFE3 46.83 ▼ 0.78% CMIG4 11.15 ▼ 0.45% EQTL3 40.33 ▼ 1.51% LREN3 14.10 ▼ 1.33% VIVT3 35.47 ▼ 0.14% RAIL3 14.07 ▼ 0.42% KLABIN 17.39 ▲ 0.40% RAIA DROGASIL 18.67 ▲ 0.38% RDOR3 36.01 ▼ 0.11% HAPV3 10.99 ▼ 1.79% FLRY3 16.51 ▲ 0.61% SMTO3 15.53 ▼ 3.66% UGPA3 31.10 ▲ 3.29% VBBR3 33.75 ▲ 1.35% BBSE3 40.71 ▲ 0.79% BPAC11 57.04 ▼ 1.57% CURY3 32.73 ▼ 2.56% AERI3 2.02 ▼ 2.42% VIVARA 23.52 ▲ 0.38% COMPASS 25.11 ▼ 0.36% VAMOS 3.12 ▼ 0.95% SANB11 27.00 ▼ 1.24% ASAI3 8.66 — 0.00% SBSP3 29.98 ▼ 1.19% WALMEX 49.61 ▲ 0.69% GMEXICO 200.02 ▲ 0.23% FEMSA 223.27 ▼ 2.64% 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0.35% SILVER 57.20 ▲ 0.16% SOY 1,200 ▼ 0.17% CORN 469.00 ▲ 4.80% WHEAT 678.00 ▲ 0.07% COFFEE 324.50 ▼ 3.77% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 140.45 ▲ 0.14% COTTON 82.13 ▲ 3.18% COCOA 5,917 ▲ 4.54% BEEF 230.13 ▼ 0.56% CATTLE 344.38 ▼ 1.27% LITHIUM 71.06 ▼ 0.73% PETR4 40.59 ▼ 0.17% VALE3 74.51 ▲ 0.68% ITUB4 43.14 ▼ 1.12% BBDC4 18.60 ▼ 0.16% ABEV3 15.57 ▼ 1.52% BBAS3 20.55 ▼ 0.19% B3SA3 15.69 ▲ 2.35% WEGE3 44.26 ▲ 0.14% PRIO3 57.50 ▼ 0.12% SUZB3 41.48 ▲ 0.90% RENT3 40.35 ▼ 0.47% AZZA3 18.66 ▼ 1.01% CSAN3 3.93 ▲ 1.03% RAIZ4 0.29 ▼ 6.45% PCAR3 2.62 ▲ 6.94% GMAT3 3.98 ▲ 0.51% PSSA3 55.22 ▲ 1.71% CVCB3 1.34 ▼ 2.90% POSI3 3.95 ▼ 1.00% SLCE3 13.50 ▼ 2.24% NATU3 8.67 ▲ 1.40% BRKM5 6.41 ▼ 6.15% RANI3 7.98 ▼ 0.37% CSNA3 5.24 ▲ 0.77% CMIN3 5.24 ▲ 2.75% USIM5 8.20 ▼ 0.36% GGBR4 24.20 ▲ 3.77% ENEV3 26.95 ▼ 0.81% CPFE3 46.83 ▼ 0.78% CMIG4 11.15 ▼ 0.45% EQTL3 40.33 ▼ 1.51% LREN3 14.10 ▼ 1.33% VIVT3 35.47 ▼ 0.14% RAIL3 14.07 ▼ 0.42% KLABIN 17.39 ▲ 0.40% RAIA DROGASIL 18.67 ▲ 0.38% RDOR3 36.01 ▼ 0.11% HAPV3 10.99 ▼ 1.79% FLRY3 16.51 ▲ 0.61% SMTO3 15.53 ▼ 3.66% UGPA3 31.10 ▲ 3.29% VBBR3 33.75 ▲ 1.35% BBSE3 40.71 ▲ 0.79% BPAC11 57.04 ▼ 1.57% CURY3 32.73 ▼ 2.56% AERI3 2.02 ▼ 2.42% VIVARA 23.52 ▲ 0.38% COMPASS 25.11 ▼ 0.36% VAMOS 3.12 ▼ 0.95% SANB11 27.00 ▼ 1.24% ASAI3 8.66 — 0.00% SBSP3 29.98 ▼ 1.19% WALMEX 49.61 ▲ 0.69% GMEXICO 200.02 ▲ 0.23% FEMSA 223.27 ▼ 2.64% CEMEX 22.64 ▲ 1.98% GFNORTE 183.98 ▼ 1.19% BIMBO 57.50 ▲ 2.02% TELEVISA 9.60 ▲ 1.16% AMX 22.80 ▼ 0.22% GAP 398.24 ▲ 0.75% ASUR 283.46 ▲ 2.85% OMA 234.61 ▼ 0.17% KOF 177.25 ▼ 1.47% GRUMA 280.76 ▲ 0.49% KIMBER 38.73 ▲ 0.75% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,550 ▲ 1.00% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 668.00 ▲ 0.91% ALUAR 959.50 ▲ 1.11% TGS 9,750 ▲ 0.41% CEPU 2,344 ▲ 0.73% MIRGOR 16,975 ▲ 1.34% COME 45.63 ▼ 0.26% LOMA NEGRA 3,615 ▲ 2.34% BYMA 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Europe and Russia Europe & Latin America

Macron and Meloni Are Opposites. They Just Found Reasons to Agree.

By · June 25, 2026 · 5 min read

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Key Facts

The meeting. France’s Emmanuel Macron and Italy’s Giorgia Meloni held their first official bilateral summit on June 25 at the Villa Eilenroc in Antibes, on the French Riviera.
The first in years. It was the first such summit held under the 2021 Quirinal Treaty, a pact meant to bind France and Italy as closely as France and Germany.
The agenda. Nine ministers from each side met on defence, civil nuclear energy, the space industry and transport infrastructure.
The odd couple. Macron is a pro-European centrist; Meloni leads a coalition of right and far-right parties. They are not natural allies.
The trade tie. France and Italy traded more than 100 billion euros in 2025, and France is Italy’s largest foreign investor.
The Latin America link. Both leaders oppose the EU’s trade deal with the South American Mercosur bloc, a rare point of full agreement.

France’s president and Italy’s prime minister held their first formal bilateral summit on June 25, despite sitting at opposite ends of European politics. For Latin America, the most consequential thing they agree on is a trade deal they both want to stop.

The European Parliament in Brussels, with EU and member-state flags
(Photo internet reproduction)
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Emmanuel Macron built his career as a pro-European centrist who champions deeper union. Giorgia Meloni leads a coalition of right and far-right parties that made its name resisting exactly that.

Yet there they were at the Villa Eilenroc in Antibes, a grand villa overlooking the Mediterranean, looking for common ground. The meeting is a small case study in how ideological opposites cooperate when circumstances leave them no better option.

Why Macron and Meloni met now

As announced by the Élysée Palace, the summit was meant to deepen cooperation in defence, space, energy and infrastructure. The French presidency summed up the logic bluntly, saying the two countries need each other.

It was the first summit of its kind held under the Quirinal Treaty. That 2021 pact was designed to give Rome and Paris the kind of structured, regular cooperation that France has long had with Germany.

The timing carried its own message. Meloni arrived fresh from a public falling-out with US President Donald Trump, whom she had once hoped to court as a bridge between Washington and Europe.

Her distancing from Trump, over what she called his constant and unprovoked attacks, pushes her closer to European partners by default. A leader who loses one alliance tends to go looking for another.

What the two sides actually discussed

The substance was heavily industrial. Nine ministers from each government worked through defence, civil nuclear power, the space industry and cross-border transport, the practical machinery of two large neighbouring economies.

The economic stakes are large. France and Italy traded more than one hundred billion euros in 2025, and France remains Italy’s biggest foreign investor, so the relationship matters whatever the politics.

It is worth being precise about what a summit like this delivers. Much of the agenda is framed as cooperation to deepen rather than treaties signed on the day, and the real test is whether the warm words turn into joint programmes.

Both leaders also face elections within roughly a year, which sharpens every gesture. A summit is partly diplomacy and partly a stage, and each was performing for an audience back home as much as for the other.

Where Macron and Meloni agree, and why Latin America should care

The most striking point of agreement is one that reaches across the Atlantic. Both Macron and Meloni oppose the European Union’s long-negotiated trade deal with Mercosur, the South American bloc of Brazil, Argentina, Uruguay and Paraguay.

Their reasons are domestic. French and Italian farmers fear a flood of cheaper South American beef, grain and sugar, and both governments are unwilling to spend political capital defending a deal their rural voters dislike.

For Latin America, that opposition is not a footnote. The Mercosur agreement would open Europe’s vast market to the region’s farm exports, and two of the EU’s three largest economies lining up against it is a serious obstacle.

It is a useful reminder of how Europe’s internal politics ripple outward. A quarrel over French and Italian farms, settled between two leaders who agree on little else, can decide whether a Brazilian rancher or an Argentine grain trader reaches European shelves.

The lesson in governing with your opposite

Strip away the Riviera setting and the summit is a study in coalition by necessity. Two leaders who disagree on the shape of Europe still share borders, supply chains and security threats they cannot face alone.

That is a familiar picture for Latin American readers, whose own polarized politics often force rivals into uneasy partnership. The Antibes meeting suggests that shared interest, not shared ideology, is what actually holds such arrangements together.

Whether the rapprochement lasts is an open question, given how fragile the personal relationship has been. But for now, two opposites have found enough common ground to sit at the same table, which in today’s fractured politics is itself worth noting.

Frequently Asked Questions

What did the Macron and Meloni summit cover?

The June 25 summit in Antibes focused on cooperation in defence, civil nuclear energy, the space industry and transport infrastructure, with nine ministers from each government taking part. It was the first bilateral summit held under the 2021 Quirinal Treaty between France and Italy.

Why are Macron and Meloni described as opposites?

Macron is a pro-European centrist who favours deeper EU integration, while Meloni leads a coalition of right and far-right parties that built its identity resisting it. Their governments have clashed over migration, trade and Europe’s direction, making their cooperation a partnership of necessity rather than shared belief.

How does the summit affect Latin America?

Both leaders oppose the European Union’s trade deal with the South American Mercosur bloc, mainly to protect French and Italian farmers. With two of the EU’s three largest economies against it, the agreement that would open Europe to the region’s farm exports faces a serious obstacle.

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