Europe Can’t Compete With US on State Aid, Danish Minister Says
- Lose says EU should focus on competitiveness through reforms
- She warns state subsidies risk inducing competition within EU
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Europe will likely lose out if it tries to compete with the US and Asia by offering more state aid to its companies, according to Denmark’s new economy minister.
Subsidies can’t be the answer to foster long-term competitiveness and growth in the European Union, Stephanie Lose said in an interview on Friday.