uh on one hand of course we welcome the
U.S ambition on climate change and
indeed EU is a front-runner in this area
with our European green deal and a
number of policy packages we have put
forward from this uh our concern are the
discriminatory measures in U.S inflation
reduction act which is uh discriminating
against EU companies so we think that we
should be addressing the climate change
and green transition the transition
jointly building a transatlantic value
chains not actually breaking them apart
nobody wants to see a trade War at this
moment and it's very fragile time with
as weft was putting it poly crises are
plenty around as well
is a trade war with the United States
likely at the moment well currently we
are focusing on negotiated uh solution
we are reaching out to U.S authorities
at different levels just uh two days ago
I had a conversations with U.S trade
representative Catherine Tai on those
issues we have a dedicated EU us task
force which continues its work we have
made some progress some of our concerns
are being addressed but they are still
concerns which need to be addressed so
we let the task force to do its work we
continue out our Outreach then we see
how far we get and then we see what the
next steps should be you're already
preparing the ladder of escalation I
know what does that ladder look like if
you don't get the answers that you want
well I would just highlight it's indeed
not about sebringing right now we are
negotiating focusing on negotiated
solution and we're looking also at our
broader European uh Economic Policy
response to our competitiveness issues
because we are facing High Energy prices
we are facing Fallout from Russia's
aggression against Ukraine other issues
so inflation deduction act kind of comes
on autopody so it also requires a
broader reflection and European
commission intents now in the coming
weeks to come with a outline how we
could be actually dealing with those
issues does that outline include raising
a similar amount of money through
commission related Bond issuance to
effectively subsidize European renewable
businesses to the same degree is that a
plan I know the Germans wouldn't like it
but is there a plan that you'd pursue
well first of all it's worth noting that
there's already a lot of subsidies in
the EU question how focused is how we
are exactly using them so we'll be
looking at how we can better use our
existing financing instruments like
recoveries and facility like repower EU
indeed we are also looking on setting up
what we call EU sovereignty a fund to
provide support and do some adjustments
to EU stated rules also allowing member
states to
provide more support for green
transition but there of course we need
to be carefully framing it to maintain
Level Playing Field within EU single
Market what's going on in terms of
support for Ukraine now economically sir
the war is bloodier than ever it is
ongoing we see no sign of any diplomatic
solution whatsoever at the moment as
well how much more can Europe do for
Ukraine without the ramifications
becoming pretty catastrophic for the
European economy uh well uh EO has
already approved 18 billion euros macro
financial assistance program Plus for
this year this week we already disbursed
3 billion euros out of this program
so this car hours
substantial Parts 18 billion euros of
Ukraine's financing needs for this year
and of course we expect also other
donors playing their part but obviously
the important element is a weapon Supply
to Ukraine because we see that Russia is
likely to escalate its aggression so
really we need to equip Ukraine to be
able better defend itself against this
aggression Christian Lindner made a case
here for looser state aid rules in
Europe is the commission on the same
page I know lots of other countries
don't want that they think it's a
backdoor route for the Germans to help
subsidize their own Industries how does
the commission feel about it uh well
exactly we need to find the right
balance as I was saying part of our
response response is going to be also
some adjustments to our stated framework
but indeed we are talking about
adjustments not complete overhaul
because this issue of preserving the
Level Playing Field in the EU is
important there are countries with
different level of Economic Development
correspondingly with different level
possibilities to support their own
companies and we should not be
undermining single Market