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Germany’s new economy minister, Katherina Reiche, emphasized the importance of the country’s heavy industry for Europe’s sovereignty, urging the European Commission to approve subsidies for energy-intensive sectors like chemicals and steel. With Germany facing stagnation and increased energy costs post-nuclear phase-out and the Ukraine conflict, Reiche highlighted the need for structural reforms and a €1 trillion investment plan. She also called for a balanced approach towards China while advocating for state aid approval to maintain competitiveness and prevent new dependencies.
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