BRUSSELS (Reuters) – The partnership between the European Union and the United States is “very good”, said European Commissioner for Economy Paolo Gentiloni on Tuesday but he added that the EU must strengthen its competitiveness in the wake of Washington’s “Inflation Reduction Act” (IRA).
“We have to strengthen our competitiveness and we have to do so by one side streamlining our state aid rules (…) and also in parallel by funding common projects”, he told reporters ahead of an Ecofin meeting.
(Reporting by Benoit Van Overstraeten; Editing by Sudip Kar-Gupta)
