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EU ministers to warn against excessive use of state aid, industrial-policy tools

By Jean Comte ( October 30, 2024, 12:19 GMT | Insight) -- Finance ministers are "committed to ensure a coherent European strategy for competitiveness across key policy areas," including energy, trade, technology, and financial markets, according to a draft statement set to be adopted on Monday, and seen by MLex. The text nevertheless warn against "widespread use of industrial policies" which risk undermining the EU internal market.The EU should act quickly to boost its productivity while avoiding excessive use of industrial policy tools that could distort the single market, finance ministers are set to say in a draft statement seen by MLex....

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