Relaxing EU legislation on state aid would be damaging for Italy and for Europe

Relaxing EU legislation on state aid would be damaging for Italy and for Europe

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From 2023 there could be a change of pace in the European rules on state aid. The president of the Commission wrote it to the member states, Ursula von der Leyen, referring to the need to counter the detrimental effects for European companies of the American Inflation Reduction Act. The $369 billion package aims to help the green transition, but in fact provides subsidies specifically to the automotive sector. The EU, Emmanuel Macron and Olaf Scholz have raised their voices and set up a joint task force with the US administration to solve the problem, but results are lacking. At this point, all that remains is to engage in a subsidy war? If that were the case, it would be a very bad idea. In the words of Carlo M. Cipolla, it would be a stupid decision – because it “causes damage to another person or group without obtaining benefits for itself or even harming itself”.

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