Connect with us

China

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

SHARE:

Published

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

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.

Share this article:

EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter.

Trending