“The EU cannot win a subsidy race with the US and China,” the groups says, as the EU currently “lacks the fiscal firepower to outspend its global competitors.”
Madrid is already squealing as Beijing launches anti-dumping investigation of EU pork.
As elections near, industry bosses argue the EU needs to create the right conditions to build a competitive green economy.
Speaking in Berlin on Tuesday (19 March), Estonian Prime Minister Kaja Kallas warned against increasing reliance on state subsidies, as it posed the risk of taxpayers having to underwrite company losses, while profits were kept private.
Several small EU countries have on Thursday (7 March) warned against the increased use of national subsidies within the EU, which they warn undermines the foundations of the single market.
