ANALYSIS – American subsidies upset European companies who fear for their competitiveness.
“When we sounded the alarm this fall on the IRA (the American support plan for green industry), we have been criticized for being too alarmist“recalls the boss of European bosses, Fredrik Persson, President of Business Europe. Also this ex-president of Swedish employers can only be delighted with the response of the European Union to the plan of the Biden Administration.
The President of Business Europe was in Paris at the beginning of the week where he attended the executive council of the Medef chaired by Geoffroy Roux de Bézieux. Before the measures presented on Thursday, Brussels had already announced a relaxation of state aid. A race for subsidies is not a good answer, but we have no choice, Europe must match the level of American subsidies“says Roux de Bézieux. “If one is greener than the others, one will be more expensive, at least initially. Hence the need for protection“Summarizes the president of Medef.
Overregulation, this enemy to be destroyed
Business Europe on Thursday welcomed the plan to…