SPD parliamentary group to relax state aid law

The SPD parliamentary group plans to adopt a six-point plan for more economic growth on Monday. It includes the demand to continue to invest „massively“ in the establishment of large industrial companies. To this end, EU state aid law will also be relaxed to extend the already taken path for batteries, chips and green steel mills to other industries. The draft resolution cites the chip factories of Intel and TSMC as examples, for which billions in subsidies have already been approved – which has also provoked criticism.