EU urged to boost spending to compete with US ...News

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EU urged to boost spending to compete with US
Leaders of the bloc will meet next month to discuss possible responses to what they see as unfair measures Germany and France have urged the EU to step up its support for domestic industry and unleash massive investments to keep from falling behind American companies in light of the US Inflation Reduction Act (IRA), which they deem discriminatory.    On Sunday, German Chancellor Olaf Scholz and French President Emmanuel Macron met in Paris to discuss how the EU should respond to the controversial American program.    The IRA is a $430 billion package passed by Congress in August that aims to fight climate change,

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