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Reuters
Reuters
Business
By Gabriela Baczynska

Eleven EU countries urge 'great caution' in loosening state aid rules

European Union Commission Europe Christian Lindner European Commission
FILE PHOTO: European Union flags flutter outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023 REUTERS/Yves Herman/File Photo

Eleven European Union countries urged "great caution" in relaxing the bloc's state aid rules in a bid to support Europe's green industry in a global race, saying that risked damaging competition inside the bloc, a document showed.

The document dated Feb. 10 was sent to the bloc's executive European Commission and signed by Denmark, Finland, Ireland, Poland, Sweden, the Netherlands, Hungary, Latvia, the Czech Republic, Slovakia and Belgium.

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