German competitiveness.

The German government rejected a proposal to subsidize power prices for energy-intensive industries, Financial Times (paywall) writes. Business groups had warned of a manufacturing exodus to countries with lower energy costs.

Concerns over industrial competitiveness have plagued not only Germany, but the EU as a whole. Yet the issue of too many subsidies and state support remain sensitive—and politically tricky.

Anca heashot

Anca Gurzu

Chief Europe Correspondent