This is the best tl;dr I could make, original reduced by 51%. (I'm a bot)

> Germany's finance ministry firmly rejected proposals on new European Union joint debt on Thursday, saying such a move, backed by France and European Council President Charles Michel, was not needed and would send a wrong signal to markets.

> German Chancellor Olaf Scholz has made clear that he believes there is still a lot of untapped EU money - more than €200 billion - from the EU's post-pandemic recovery fund that should be used first before any discussions on new funding.

> Draft conclusions for an upcoming EU summit in February showed that leaders are to back new EU funding for the green tech industry to counterbalance subsidies in the United States and China, and will expect the EU executive Commission to come up with a plan for a European Sovereignty Fund to support investment.

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