Swedish PM Kristersson says EU needs to discuss competitiveness, not just state-aid

Swedish PM Kristersson says EU needs to discuss competitiveness, not just state-aid

STOCKHOLM (Reuters) – The European Union needs to improve long-term competitiveness and not just provide support for companies in the green tech sector where nations like China and the United States are providing subsidies, Swedens prime minister said on Friday.

“We need to start a real discussion on how to improve productivity, how to enhance competitiveness and how to attract more companies based on our own capabilities and not based on long-term state aid rules,” Ulf Kristersson told reporters during a media conference with European Commission President Ursula von der Leyen.

(Reporting by Simon Johnson; Editing by Toby Chopra)

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