Borrowing more money to compete with the United States, according to Germany, would constitute a threat to Europe

If Europe takes on additional debt to match U.S. green subsidies, Germany warns, the continent's competitiveness would suffer. When it comes to the U.S. Inflation Reduction Act (IRA), the European Union has been quite loud about its worries, claiming that the act's subsidies for North American auto makers violate international trade norms and pose a threat to European industries. For European businesses to be more competitive during th....