US EditionBerlin Wants to Subsidize Half of Electricity Costs for 2,200 German Companies
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German Economy Minister Katharina Reiche is pushing Brussels to make planned measures to cut German companies' electricity costs available to many more companies than previously proposed, defying existing EU rules, the Financial Times reported on Tuesday, citing sources familiar with the plan. If this move goes ahead, German industry will gain a significant advantage in the European market.
30 of the largest German companies are jointly planning a historic "investment offensive". With around 300 billion euros over the next three years, they want to secure competitive advantages over foreign competition. According to Handelsblatt, the German monopolies Siemens and Deutsche Bank, together with the consulting firm FGS Global, have orchestrated a so-called alliance for the German economy under the name "Made for Germany". More than 30 …
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