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Europe must give developing nations alternative to Chinese funds, von der Leyen says

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European Commission President Ursula von der Leyen attends the official welcome to the G7 leaders summit at Bavaria's Schloss Elmau castle, near Garmisch-Partenkirchen, Germany 26 June, 2022.

Europe will mobilize €300 billion in public and private funds over five-years to finance infrastructure in developing countries in the G7's fight against China's Belt and Road project. This was announced by European Commission President Ursula von der Leyen.

"It is our responsibility to give a positive, powerful investment impulse to all countries to show our partners in developing worlds that they have a choice" von der Leyen stated at a news conference with the leaders from Japan, Canada, Germany and Italy.

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