Source: Foundation for Economic Education
by Mark Nayler
“If the EU Commission didn’t take itself so seriously, you might think that the so-called Industrial Accelerator Act (IAA) had been given its name as a self-deprecating joke. Unveiled in March, the initiative aims to boost the bloc’s industrial capacity and decarbonization efforts, in order to compete with China and achieve Brussels’s stringent climate goals; but seven months on, its progress through the EU’s bureaucratic obstacle course is steadily decelerating. Like many EU initiatives before it, the IAA is causing internal division—in this case over the scope of the phrase ‘Made in Europe.’ The question at the center of the dispute is whether protectionist measures will help or harm flagging EU industries.” (10/02/26)