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Reviews: United States: Ursula von der Leyen calls on the EU to react to the "distortions" of competition caused by the American investment plan

Before Queen-Fewer: King Charles welcomes state guests

 Before Queen-Fewer: King Charles welcomes state guests before the state burial for Queen Elizabeth II. On Monday, King Charles III. Receive state guests from all over the world the evening before in the Buckingham Palace. US President Joe Biden and First Lady Jill Biden are also expected. Over the weekend, several heads of state and government arrived in the British capital. On Saturday, Charles received the Canadian Prime Minister Justin Trudeau, New Zealand Prime Minister Jacinda Adern and other representatives of the Commonwealth countries.

This summer, Washington adopted the "inflation Reduction Act", which provides 430 billion Dollars in investments (around 408 billion euros) to help companies deal with inflation and climate change.

  Etats-Unis : Ursula von der Leyen appelle l'UE à réagir face aux © provided by Franceinfo

The American announcements did not please in Brussels. The president of the European Commission, Ursula von der Leyen, estimated, Sunday, December 4, that the European Union had to take "rebalancing" measures to flatten the "distortions" of competition. In its viewfinder is the inflation Reduction ACT, the Inv program estissements and subsidies of $ 430 billion (408 billion euros) to help American companies and fight against inflation.

"Dreigen billions of billions": SPD expects high costs for gas price lids

 after the drama around the gas surcharge, it probably amounts to capping gas prices - too high, as the SPD suspects. A price cover is also discussed in the EU. © Photo: Photo: dpa/Uwe Anspach A natural gass storage in Germany The SPD in the Bundestag assumes high billions of billions for the capping of gas prices in Germany.

>> Emmanuel Macron warns the United States against the risk of "fragmenting the West"

while "working with the United States to resolve the most problematic aspects of the plan," we must adjust our own rules To facilitate public investments in the [environmental] transition and we must reassess the need for "common" European funding, she said in a speech at the College of Europe in Bruges (Belgium).

Inflation Reduction Act (IRA) plans to invest $ 370 billion (around 351 billion euros) in favor of the fight against climate change. These funds are intended to finance the construction of factories, wind turbines and solar panels, or even bonuses for the purchase of electric vehicles provided they leave a North American factory.

The EU denounces exceptional aid contrary to the rules of international trade, likely to undermine the competitiveness of European companies already penalized by the outbreak of energy prices. The EU "must simplify and adapt" its very strict rules governing the public aid granted by its member states, in order to offer governments "increased flexibility" and to propose to companies "a more predictable and understandable framework", said the president of the European Commission.

EU threatens 2023 gas shortage - Measures necessary .
of the EU, according to the International Energy Agency (IEA), threatens gas shortages next winter. "The next year - 2023 - could be much more difficult than this year," said IEA boss Fatih Birol on Monday after talks with EU Commission President Ursula von der Leyen in Brussels. He explained that the circumstances that would have allowed EU countries to fill their memory before this winter could possibly be omitted next year.

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