German Chancellor Olaf Scholz says he will seek to boost European competitiveness through reforms at an EU summit in Brussels next week
Scholz urged the EU to pull together to face a raft of challenges, including in response to a massive US subsidy programme for clean technologies.
In a speech to the German parliament, Scholz urged the European Union to pull together to face a raft of challenges, including in response to a massive US subsidy programme for clean technologies known as the Inflation Reduction Act. As markets were roiled by wobbles at Credit Suisse, Scholz also urged the bloc to complete a unified banking market that aims to create a single system for regulating lenders and ensure taxpayers are no longer on the hook for rescuing banks.
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