Ursula von der Leyen, President of the European Commission (EC) noted the need to create a real alternative to China’s “One Belt – One Road” initiative. about this idea, it said In an interview with the German TV channel ZDF.
“For example, it is important for us to be able to offer real alternatives to China’s One Belt, One Road initiative. And here is our joint venture to invest in infrastructure outside of Europe, outside of the G7,” von der Leyen said.
According to him, this represents an aid package of 600 billion euros from the European Union (EU) and the United States for targeted investment in infrastructure in the Global South (Africa, Asia and Latin America).
At the beginning of May 20, von der Leyen reported About the frustration of many countries in the Global South with the PRC and the Russian Federation, so the G7 countries have a “window of opportunity”.
Last week, Italian Prime Minister George Meloni stated The Speaker of the US House of Representatives, Kevin McCarthy, reported that at a meeting in Rome, the Italian administration announced its plans to withdraw from the investment agreement with China before the end of the year.