No basis for US demands of Airbus paying back loans - EU

Monday, 19. October 2020 08:01

European Commission Executive Vice President Valdis Dombrovskis (pictured) said on Monday he sees "no basis" for American demands of Airbus paying back the government loans.

"Our suggestion is that the United States withdraw the tariffs it has imposed as a result of this case. The EU would avoid exercising the right to retaliatory tariffs, and we clean the table, working together to find common ground in various areas," he noted.

Dombrovskis said that there are two strands of policy to cope with the crisis. "Our massive recovery plan gives us the best possible chance of success to achieve these short and longer-term goals. The package is worth a combined €1.82 trillion, including €750 billion from the new recovery instrument Next Generation EU," Dombrovskis stated.

Related Links: Airbus SE
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Breaking the News / TF