this grand incentive plan designed by United States of America to fight with inflation A.Ş., which has 370,000 million dollars, prefers green investments and companies established in its own region. deep concern between heads of state and government EU who still have differing views on how to protect the industry to prevent American grants doping To sink the competitiveness of the European continent. finally a question domestic subsidy war and one trade war with the USA. To prevent that, EU leaders are on this Thursday. European Commission what gift before the end of January proposals to “activate all national and European instruments” and “improve the investment framework in the EU”.
Given the rising energy prices and more and more companies provoking the market, the situation is extremely urgent. threat of displacement. “One of the Inflation Reduction Act (IRA) unfair competition and that discriminates against European companies,” the Commission chairman admitted this week. Ursula von der Leyen, in a letter to European leaders on the eve of the summit where he challenged this rule. The plan to reindustrialize the continent includes accelerating investment in transition energies and even potentially creating a “European sovereign fund” to strengthen coordination with Washington to decarbonize the industry, deploy renewables and even create a raw materials club that guarantees supply and avoids monopoly. Chinese.
It also proposes relaxation of rules on state aid for renewable energy and clean technologies, which allows the EU to compete with US subsidies and prevents companies from fleeing Europe and crossing the Atlantic in search of more favorable conditions. European leaders hope that by the end of January, a new action plan will be developed, which they can urgently approve in February. “You have to go faster, simplify the rules, have a macroeconomic response at the European and national aid level that allows you to respond in a way that is equivalent to what the Americans are doing,” warned the French President. Emmanuel Macron.
Spain He breathes the same way and shares the need to step on the gas because America’s capacity to move is so fast. “We’ve already said that we don’t like the Inflation Reduction Act. That’s clear. This is something that could affect European investment, including Spain. We have a very strong automobile sector, we have a renewable energy sector, hydrogen. So there’s a clear point of protectionism that Spain doesn’t like. Spain is in favor of making exceptions for Europe and negotiating from there so that Europe can react and take measures, be more agile and reflect, to increase its industrial competitiveness. On state aid”, Spain’s problem is not money but “how to spend it” Save resources from Moncloa, which guarantees
touching Berlin
For other Member States, the challenge is not only to achieve a more agile public aid framework, but also those with greater financial capacity. Germany, do not take advantage of this to the detriment of other European partners. “It is important to show our solidarity and ensure the smooth functioning of the government. single market“It is in everyone’s interest,” said Charles Michel, President of the European Council. “The EU is at risk of deindustrialisation. It seems that European countries are playing a little bit of their own money to see whose pockets are the most,” the Belgian criticized. Alexander de Croo. “Some countries may think their pockets are full, but in a few months we will all be running out of reserves,” he said.
According to European sources, the solution lies in finding a balance between maintaining strategic investments in the European continent and equal conditions between Twenty-seven. Supporting the idea initiated by von der Leyen, Spanish government sources said, “Germany is putting money in from all sides, and not everyone has the same capacity. We must look for formulas such as a stronger Reinforcement (programme).” state fund although they want more details. The richest countries reject the idea of creating new plans and think that the bailout plan has sufficient resources. “We still have enough undistributed funds that can be mobilized,” said German Chancellor Olaf Scholz.
gas cap on monday
European leaders have also returned to talk about the energy crisis and the cap on oil prices. gas. Last Tuesday’s attempt failed, and heads of state and government urged energy ministers to reach a final agreement this week. Monday, December 19. This is what, in some of the decisions of the Council of Europe, they have requested Brussels to submit a proposal and impact analysis. structural reform of the electricity marketincluding its impact on gas prices.
As usual, the president of the parliament attended the meeting, which was marked by the corruption scandal that plagued the European Parliament. Roberta MetsolaPromising European leaders there will be no impunity and that it will promote a reform of the domestic rules next year. The meeting also allowed Twenty-Seven to ratify the status of the EU candidate country. Bosnia and Herzegovina.