The EU’s policy of relaxing state aid rules is the “exact opposite” of what is needed to regain competitiveness in response to high energy costs and generous US tax breaks, according to Belgium’s prime minister.
Alexander De Croo told the Financial Times that the EU should instead deepen its single market and put in place bloc-wide incentives for industry.
The EU loosened state aid rules in the wake of Russia’s full-scale invasion of Ukraine last year to help European businesses cope with a surge in inflation fuelled by high energy prices and to promote the green transition.
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