"State intervention is not yet an industrial policy"

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Germany and France are looking for a European industrial strategy. Further state intervention in the economy cannot be the solution.

"Only the close solidarity of the EU member states is the strategic answer to nationalism, protectionism and state capitalism. A European response to these threats must not be more government intervention. Policies should focus on a good business environment, for example by strengthening the internal market, a competitive tax policy or investment in infrastructure and education. Europe must not be naive in its response to competition from China. The goal must be to create a level playing field."

 

"A European response to threats must not be more government intervention."

Speaking of a European industrial policy is particularly ambitious for the German government, which has so far implemented hardly any industry-relevant projects of the coalition agreement and has not consistently implemented even comparatively simple topics such as the introduction of tax incentives for research".