United States Draining the EU’s Business Potential, Says Expert
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Loading... - Liliana Rocha
- 08 Mar 2023
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“The trade war between the European Union and the United States has reached a new level. Joe Biden has said it outright: Europe can only rely on itself,” said Olivér Hortay, head of energy and climate policy at conservative think tank Századvég, in a video posted on his Facebook page. According to the expert, the US is ruthlessly exploiting the potential of a weakening Europe.
In January, one of the biggest subsidy programs in US history came into force, aimed at luring green, innovative – partly European – companies overseas, said Olivér Hortay in his video. He added that as the European Union loses more and more energy-intensive companies to high energy prices, the companies that were previously subsidized here have already started to leave, companies that are now becoming productive and on which the EU has built its future.
The details of the US package and its likely impact have been known for more than half a year, but EU leaders have so far done nothing to stop it, beyond threatening statements and big-hearted promises. Read More..
