Former Italian PM Letta to Propose EU Reforms for Retaining Talent and Limiting Unfair State Aid
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Letta, former Italian PM, will present proposals to reform the EU single market to EU leaders this spring. He wants leaders to view the single market in a "different way".
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Letta wants highly skilled workers who moved abroad to stay in their home countries instead. His slogan is "freedom to stay" rather than just "freedom to move".
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Letta touched on reforming state aid rules to ensure governments don't support some firms unfairly. He said state aid should be the exception, not the norm.
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Over €760 billion in crisis-related state aid has been approved, with Germany behind 47% of it. This rivals Biden's Inflation Reduction Act subsidies.
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Letta argues state aid policy should be at the "very core" of EU policy debates. He'll share specifics with EU leaders before making them public.