German Go-It-Alone Response to Biden’s Green Subsidy Plan Sets Off Alarm for EU

  • France and Spain concerned that German firms get unfair help
  • Paris and Madrid are pushing for a joint EU response instead

Joe Biden

Photographer: Ting Shen/Bloomberg
Lock
This article is for subscribers only.

Berlin’s response to Joe Biden’s green subsidy plan is setting off alarm bells in Paris and Madrid, where officials are concerned it could give German firms an unfair advantage over their European rivals.

While the German government is considering a €10 billion ($10.7 billion) package of support for companies switching to green technology, France and Spain want to see European Union leaders come up with a joint response, officials from those capitals said.