The EU response to the US #IRA is rather pathetic. Its main element of matching #subsidies suggests a lack of a substantive industrial strategy. The national approach will not create a level playing field in Europe, even under the envisaged restrictions.
ft.com/content/a7438c…
ft.com/content/a7438c…
The threat by #VW to build battery plants in the US and stop its plans for Europe very much looks like an attempt at blackmailing the German government for financial subsidies. This is a very concrete example of why the US IRA and the European response are so detrimental. …
The subsidy race does not improve innovation or competition, but rather implies a net transfer of taxpayer money to big companies. The EU should rather focus on improving conditions for private investment (infrastructure, R&D, deepen the single market).
ft.com/content/6ac390…
ft.com/content/6ac390…
We need a smarter approach to industrial policy in Europe and Germany, esp. wr to innovation and climate change, than what is being pursued now by the EU.
In this op-ed (in German) with A Wambach & G Wolff, we propose how that strategy should look like:
sueddeutsche.de/wirtschaft/ind…
In this op-ed (in German) with A Wambach & G Wolff, we propose how that strategy should look like:
sueddeutsche.de/wirtschaft/ind…
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