'Discriminatory' measures in Inflation Reduction Act still need addressing, top EU minister says
Dombrovskis also said they were looking to adjust the EU's strict state aid rules to allow member states to provide more support for companies aiding the green transition, as previously called for by European Commission President Ursula von der Leyen.
"But there of course we need to be carefully framing it to maintain a level playing field within the EU single market," Dombrovskis said. Ireland's Finance Minister Michael McGrath told CNBC Wednesday the EU wanted to avoid a "subsidies race" with the U.S., and that any changes to state aid rules must not benefit countries with the "means and resources" to provide greater support to companies than others.the EU could learn lessons from the IRA.
"We need to reform some internal aspects of our industrial policies such as state aid, reducing bureaucracy and trying to send a message for the industry worldwide that's it's Europe, and of course Spain, that is a good place to locate," he added.
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