News Formal

EU warning: Merkel's state aid sparking competition in single market as states complain

  • 📰 Daily Express
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 68%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

BRUSSELS has been warned against looking at competition inside the single market as Germany threw Lufthansa a €9billion (£8billion) lifeline on Monday, agreeing on a bailout which gives Berlin a veto in the event of a hostile bid for the airline.

Germany's rescue package for flagship carrier Lufthansa is a"very, very good solution" that is taking into account the needs of both the company and taxpayers, Finance Minister Olaf Scholz said on Monday. But German MP, Armin Laschet, warned the EU should be cooperating so, they can compete with rivals from the US and China. He explained competition within the single market will be a challenge for the EU in the next few years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 26. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Brexit trade deal could make EU's single market 'unravel' with members making OWN demandsTHE UK has been accused of making 'fanciful demands' of the European Union during post-Brexit trade talks, in a move described by one political expert as 'beyond audacious', with a strategy that one expert said could 'unravel' the whole single market if successful. GOOD !!! MichelBarnier
Source: Daily Express - 🏆 26. / 68 Read more »