Macron urges the European Union to act “quickly” and “forcefully” in the face of US subsidies

French President Emmanuel Macron on Thursday called on European Union leaders meeting at a summit in Brussels to move ‘faster’ and ‘stronger’ in their response to a huge US subsidy plan, known as the ‘Inflation Reduction Act’ “.
“We must have an answer to maintain fair competition and defend major projects, especially green technologies and technologies of the future in Europe,” Macron said upon his arrival in Brussels.
He added: “This presupposes a faster movement, simplifying our rules and having a macroeconomic response and a level of assistance at the European and national level that makes it possible to respond and match what the Americans have done,” asking for an answer at the beginning of the year 2023.