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Airbus and others call for sovereign infrastructure fund, buy European

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Airbus , Dassault Systemes and more than 90 smaller European technology companies and lobby groups have urged European Commission President Ursula von der Leyen to create a sovereign infrastructure fund to ramp up public investments in cutting-edge technologies.
The article from MSN discusses Airbus, along with other European companies, advocating for the creation of a sovereign infrastructure fund aimed at enhancing Europe's competitiveness in the global market. This call to action comes in response to the U.S. Inflation Reduction Act, which has introduced significant subsidies for green technologies, prompting fears of an exodus of European businesses to the U.S. The proposed fund would focus on investing in critical infrastructure like energy, transport, and digital networks to support European industries, particularly in sectors like hydrogen, batteries, and semiconductors. The initiative is seen as a way to counteract the competitive disadvantage European companies face due to the U.S. subsidies, ensuring that Europe can maintain its industrial base and technological leadership. The article highlights the urgency of this fund to prevent a potential economic and technological lag behind the U.S. and other global players.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/airbus-and-others-call-for-sovereign-infrastructure-fund-buy-european/ar-AA1B3CO5 ]