Reviving European industrial policy to counter rising energy prices, the consequences of the war in Ukraine, and negative effects of protectionist measures taken by third countries, including the US, was called for by French and German governments on Tuesday (22 November).
German and French Economy Ministers Robert Habeck and Bruno Le Maire said they were “firmly resolved to work together to provide an adequate response to the most vulnerable economic sectors” in a statement released by their respective ministries.
According to the text, France and Germany will make “joint purchases of gas […] in order to bring down prices for consumers and industry” and say they are in favour of a “structural reform of the electricity market” to achieve sustainable contr
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