The EU General Court has annulled the decision of the European Commission, which approved the recapitalization of Germany’s Lufthansa for 6 billion euros in the context of the Covid-19 outbreak. Two rival airlines, Ryanair and Condor, had objected to the maxi subsidy. According to Luxembourg judges, the European executive “made several mistakes”, notably believing that […]
Tag: state aid
Meloni presses EU for sovereign fund and state aid
In light of today’s EU summit, tensions are mounting between European governments over Brussels’ response to the US subsidy maxi plan for the Stars and Stripes industry. Faced with the Joe Biden administration’s Inflation Reduction Act (IRA), a nearly $370 billion program, the European Union initially reacted with bewilderment and compactness. The “discrimination” of European […]
Brussels launches green industry plan, but already all against all
Faster permits for new wind and photovoltaic installations. The maxi plan to train millions of people in the skills necessary for the dual transition, ecological and digital. Free trade agreements targeting critical raw material supply chains, particularly car batteries. But first of all, it is the release of larger investments in two ways: the first […]
Europe’s maxi plan for green industry: how the EU is challenging China (and the US)
A blow to the environment by mitigating risks to state aid (a subject of great value for German companies) and a blow to the barrel with the promise to create a new joint European fund (sovereignty fund) as requested. by Italy and France. All in the name of the Green deal to restart Europe’s industrial […]