Rising energy prices and bait offers from abroad: German companies are increasingly threatening to emigrate to the United States. Should they be persuaded to stay with the fantastical tax subsidies? In any case, pressure is mounting on Brussels to ease up on tough state aid regulations. There is no bad news.
The European Union has been supported by lofty goals since its foundation. One of them says: “Strengthening economic, social and regional cohesion and solidarity among the member states of the European Union.” This always means that no member country should over-subsidize its economy, as this may be to the detriment of partner countries and fair domestic trade. At its core, the idea is laudable because it shields smaller economies like Italy from strong ones like Germany. However, now is the time to say goodbye to all tough and rigid principles.
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