Paul Gavan (Sinn Fein)
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I thank our guests for those responses. I will move on.

I want to ask our guests about the US Inflation Reduction Act, how this impacts Europe, what should the EU's response be and how should that response be managed. There has been much talk of the selective relaxation of EU state aid rules but such relaxation could put Ireland and smaller states at a competitive disadvantage and undermine the Single Market. We saw this with how the larger EU states used relaxation of state aid rules to the war in Ukraine and the energy crisis to subsidise their industries more extensively. Do our guests have an idea of how these matters could or should be approached?