German Go-It-Alone Response to Biden’s IRA Sets Off Alarm for EU

Berlin’s response to Joe Biden’s green subsidy plan is setting off alarm bells in Paris and Madrid, where officials are concerned it could give German firms an unfair advantage over their European rivals.

While the German government is considering a €10 billion ($10.7 billion) package of support for companies switching to green technology, France and Spain want to see European Union leaders come up with a joint response, officials from those capitals said.

Further European funding to protect companies and jobs will be discussed at a summit in Brussels Thursday, the French and Spanish officials said, asking not to ...