Trade Trade

Subsidies are 'short-term boost' but not long-term solution, EU's Vestager says

By Lewis Crofts
  • 16 Jan 2023 17:43
  • 16 Jan 2023 17:43
Europe's economy may benefit from a temporary "boost" through loosened state aid rules, but competitiveness is not "built out of subsidies," Margrethe Vestager said.

The EU's competition chief is reviewing the bloc's subsidy rulebook as countries, including France and Germany, seek more leeway to finance their industries.


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Lewis Crofts


Lewis leads MLex's editorial strategy, content direction, quality and development. He has a reputation for breaking stories and providing analysis on complex legal disputes before regulators and courts around the globe. He has also developed MLex's unrivalled coverage of competition policy, litigation, regulation, Brexit and international investigations.

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