LISBON : The European Union's response to the United States' stimulus package for green tech investments should use financing instruments that ensure equality between all members instead of favouring the bloc's most industrialised nations, Portugal's finance minister said on Tuesday.
Brussels is concerned that European companies will increasingly move to the United States, which has a $369 billion scheme to subsidise green production. "But it has to be implemented through European mechanisms that ensure equality within the European space," he added.
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