- German energy ministry proposes subsidising 80% of electricity cost for energy-intensive companies until 2030.
- Plan aimed at bolstering German manufacturers in sectors such as chemicals, steel, metal, glass, solar panels, and semiconductors.
- Proposal likely to cause internal divisions and further alienate European nations.
- Germany's liberal finance minister, Christian Lindner, opposes the plan, calling it unfair and inefficient.
- The proposed subsidy also risks exacerbating tensions within the EU.
Financial Times — World — German Industry Subsidies — European Companies — Global Economy — German economy
Germany plans to subsidise power-hungry industries
Germany plans to subsidise 80% of electricity cost for energy-intensive industries until 2030, likely triggering internal divisions and alienating European nations.