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EU Should Boost Its Industry in Response to US Law, Belgium Says

  • Prime Minister De Croo says Europe should act as a bloc
  • Recession fears diminishing as energy prices ease: De Croo
Alexander De Croo

Alexander De Croo

Photographer: Valeria Mongelli/Bloomberg

The European Union needs to refocus on boosting its industrial base and its competitiveness as a response to a US law that provides domestic green energy subsidies, Belgium’s prime minister said.

“We really need to act as a European bloc,” Alexander De Croo said Tuesday in an interview with Bloomberg TV. “Today, everyone understands that keeping industrial activity, keeping heavy industry — chemistry and so on — keeping that here in Europe is of geopolitical importance.”