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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessLeaders To Approve Looser State Aid Rules To Counter US IRA-Draft Conclusion
Reuters reporting that at the 9-10 Feb special EUCO summit, EU leaders are set to approve a plan to loosen state aid rules in order to help green industries in the bloc counter competition from outside, notably the US following the implementation of the Inflation Reduction Act there, according to a draft conclusion from the EU.
- Draft conclusion states that leaders are to ask the European Commission to 'work on the flexible deployment of existing EU funds for strategic industry sectors.'MNI reported last weekthat the Commission's plans would likely have to use existing funds, rather than issuing new joint borrowing.
- Draft conclusion: 'EU leaders ask Commission, EU finance ministers to work on new funds, using EU employment scheme of joint borrowing to pass on cheap loans as basis.'
- Draft conslucion: "EU leaders ask for Commission proposal on European sovereignty fund, linked to European Investment Bank, to support green investment."
- Draft conclusion: "EU leaders to call for simpler procedures, fast-track permitting, better public procurement rules for green investment."
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.