TALKING EUROPE (C) FRANCE 24
For months, European leaders have sought a united response to the US Inflation Reduction Act, or IRA. That plan, announced by the White House last year, favours American-made climate technology through subsidies and tax credits. But EU chiefs say the policy discriminates against Washington’s closest partner, Europe. The panelists in this debate agree that that the IRA poses a major challenge to the European economy, but disagree on the way forward. “We need a major subsidy programme to re-industrialise Europe,” says MEP Martin Schirdewan. But MEP Christophe Hansen counters: “Fighting subsidies with subsidies is the wrong way. It will play big EU countries off against small ones, and damage the internal market, which is turning 30 years old,” he says.
Our guests:
Christophe HANSEN, Luxembourgish MEP, European People’s Party
Martin SCHIRDEWAN, German MEP, The Left group
Produced by Sophie Samaille, Perrine Desplats and Isabelle Romero
The action was co-financed by the European Union in the frame of the European Parliament’s grant programme in the field of communication. The European Parliament was not involved in its preparation and is, in no case, responsible for or bound by the information or opinions expressed in the context of this action. In accordance with applicable law, the authors, interviewed people, publishers or programme broadcasters are solely responsible. The European Parliament can also not be held liable for direct or indirect damage that may result from the implementation of the action.
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