Eleven European Union countries urged 'great caution' in relaxing the bloc's state aid rules in a bid to support Europe's green industry in a global race, saying that risked damaging competition inside the bloc, a document showed.
"These harms can be greater than the positive effects. We, the co-signing member states, urge the Commission to exercise great caution."
The 11 countries urged the Commission to consider whether other policies could better achieve the goal of promoting green investment, as well as analysing the risks thoroughly before making any "fundamental changes". The EU's competition chief Margrethe Vestager said this month that France and Germany - the bloc's two biggest economies - accounted for
Speaking separately at a gathering of EU finance ministers in Brussels on Tuesday, Germany's Christian Lindner said: "The German government is not interested in more spending and expanding subsidies... I can assure all member states that Germany will keep a fair, level playing field."
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