German finance minister against common funding for EU industrial policy

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Jun 17, 2007
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German Finance Minister Christian Lindner on Wednesday said there was no need for new European Union investment programmes like the STEP fund to boost investment in critical technologies. "I see no need for a new programme like STEP, which the European Commission president wants to launch in order to finance things that we don't know about and for which we have long had other possibilities, for example with Next Generation EU," Lindner told the Bundestag lower house of parliament. While Lindner rejected additional funding for critical technologies, he reiterated that support for Ukraine must remain the exception in the EU budget.
 
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