German energy plan: "We must check that it is compatible with state aid", underlines Thierry Breton

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compatible with state aid

react in a coordinated way

Germany has announced an absolutely gigantic plan, of 200 billion, we now have to discuss, first we obviously have to check that all this is compatible with state aid, of course, we are working on it. with my colleague Margrethe Vestager (competition commissioner) so that there is precisely this compatibility

If Germany estimates that it is 200 billion, fine, but under these conditions, all the other countries must have conditions of access to borrowing to meet their own identical needs

the amount is very significant, (...) it raises the question of the equitable debt of each country

For several weeks, even months, I have been calling on each of the States to do what is necessary to help the industrial sectors, we have many industrial sectors that are very dependent on energy, we can think of steel, zinc , paper, chemicals, glass, which are very affected, it weakens our competitiveness

are reacting and that's good, but it has to be done in a coordinated way, because the internal market works because we have more or less similar rules everywhere

It is very important that the States do what they have to do, it is good that Germany does it like others, but what is very important is to do it in a coordinated way, in harmony.

No State has the first valiant euro to deal with this crisis, everyone must borrow

It is very important that all States have the same access to debt, and not that some, because supposedly they might have a better fiscal situation than others, can do it before the others and in conditions that distort the market