This is how the EU seeks to re-love itself to face unfair competition from the US and China

The European Council will discuss relaxing the rules for state aid and the possibility of launching a sovereign fund to support the green transition

The EU is trying to rearm to cope with “unfair American competition”, China’s near-monopoly on rare materials and competitiveness challenges for mainland companies. The rest of the planet subsidizes its firms unchecked or does not follow the same environmental standards and, without a fair playing field, the battle is lost. Brussels is studying these days how to respond, and two main ideas are on the table: relax the framework of state aid so that governments can increase public investment and / or implement something similar to a European Sovereign Fund.

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