News Snapshot:
Because smaller European countries are less able to subsidise their companies, she also flagged a slew of fresh Brussels funding for critical green projects. European leaders have been complaining for months that Mr Biden’s big-spending IRA, coupled with soaring energy costs and wage bills at home, could lure the Continent’s emerging green industries to quit Europe and head for the US. “To keep European industry attractive, there is a need to be competitive with offers and incentives that are currently available outside the European Union,” Ms von der Leyen said. “We need aggressive attempts to attract our industrial capacities away...
