BRUSSELS: Everyone in Europe agrees the EU needs to rescue its industry but the bloc is split over how far it should push a ‘Buy European’ approach in order to do so.
The European Commission, the EU’s executive arm, will next week propose new rules that are expected to include a requirement for companies in strategic sectors to produce in Europe if they want to receive public money.
But the definition of “European preference” has triggered debate, with calls especially from France for more “Made in Europe,” while other EU states such as Germany call for “Made with Europe.”
- Protecting Europe or European protectionism? -
French President Emmanuel Macron insisted the new rules would be about “protecting our industry” without “being protectionist,” by defending “certain strategic sectors, such as cleantech, chemicals, steel, cars or defense.”
