Brussels sharpens its response to Washington’s industrial plan

by time news

European Commission President Ursula von der Leyen. FLORION GOGA/REUTERS

DECRYPTION – To counter massive American aid, the European Commission is proposing 250 billion euros from the unused funds of the recovery plan.

Correspondent in Brussels

Brussels’ responses to Washington’s massive subsidy plan were eagerly awaited by member states and industry. They were presented on Wednesday by the President of the Commission, Ursula von der Leyen, while the Twenty-Seven will consider the subject on February 9 and 10 at a summit in Brussels.

For “VDL”, it is urgent that the EU reacts if it wants to stay in the race. The United States, other countries – Japan, India, Canada, etc. – have already launched plans to support their green industries. On the merits, the President of the Commission finds nothing to complain about while the EU has made firm commitments in terms of climate. “Let me be very clear on this: we welcome this, this is good news. We have long maintained that tackling climate change is a necessity. A must for our planet; a must for our economic prosperity; and essential…

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