Ursula von der Leyen, European Commission president, announced a major simplification initiative aimed at reducing bureaucracy and revitalizing Europe's economy, which has lagged behind China and the US. This effort, detailed in the Competitiveness Compass, responds to recommendations by Mario Draghi, emphasizing the urgency of action to prevent a slow decline. Von der Leyen acknowledged that overly complex regulations hinder businesses, pledging to cut administrative costs significantly. Additionally, she reaffirmed the EU's commitment to ambitious green targets, asserting that simplification must align with environmental goals to drive efficiency in achieving emissions reductions.
"European business... faced too much complexity and administrative procedures are too cumbersome. She promised an unprecedented simplification effort that would reduce costs for companies by 25%..."
"Von der Leyen outlined policy proposals intended to boost Europe's flagging economy... response to a hard-hitting report from former Italian prime minister Mario Draghi..."
Collection
[
|
...
]