Small European states opposed to Paris and Berlin in the response to the IRA

Small European states opposed to Paris and Berlin in the response to the IRA
Valdis Dombrovskis, European Commissioner for Trade, and Margrethe Vestager, European Commissioner for Competition, on December 5, in College Park, United States. Ting Shen/Bloomberg

A race for subsidies to respond to the American plan would benefit France and Germany, seven EU countries fear.

Special envoy to Brussels

The game is far from over. While France, Germany and the German President of the Commission, Ursula von der Leyen, have been pleading for several weeks for an ambitious response to the American Inflation Reduction Act (IRA), which massively subsidizes national industry, the most small EU states do not hear it that way. Less than two weeks before the European summit on February 9 and 10, representatives from central and northern Europe have sounded the alarm about the risk that the launch of a race for subsidies would pose to them. in response to the American industrial plan endowed with an envelope of 370 billion dollars.

The stiffening first came from within the Commission itself, where the three executive vice-presidents – a Dane, a Dutchman and a Latvian – made a very different story from that of their president, in a published op-ed. Thursday by the Financial Times. «Tout…

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