European Central Bank warns of trade-offs as EU embraces industrial policy - E&E News by POLITICO
• The European Central Bank (ECB) has warned that the EU's shift toward interventionist industrial policies and increased state aid is creating significant economic trade-offs. • According to a pre-release of its Economic Bulletin, state aid expenditure has risen sharply due to global economic shocks and a resurgence of government intervention. • The ECB highlights a growing disparity in subsidy distribution, as member states with higher fiscal capacity can provide more support than smaller or poorer nations.
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