Seven EU countries oppose new EU funding as response to US green subsidy plan


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Plans by the European Commission to create new European Union funding for the green industry are facing mounting opposition in the 27-nation bloc, as seven EU countries openly rejected the idea in a letter to the EU executive. The letter dated January 26th, was signed by the Czech Republic, Denmark, Finland, Austria, Ireland, Estonia and Slovakia and addressed to the European Commission vice president responsible for trade, Valdis Dombrovskis. Germany, the Netherlands and Belgium, while not signatories to the letter, also oppose any new joint EU borrowing, further expanding the list of countries likely to vote against such plans when...