Merz demands more competitiveness in EU and 'Enough with regulatory frenzy' - German Finance Minister Calls for EU Bureaucracy Cut to Boost Competitiveness
Friedrich Merz, the German Finance Minister, has called for the European Union to follow Germany's lead in modernizing and reducing bureaucracy to boost competitiveness. He will raise this issue at the upcoming EU summit.
Merz believes that excessive regulation is hindering the EU's competitiveness, making it vulnerable to economic powers like Asia and America. He argues that Germany's approach to reducing bureaucracy can serve as a model for the EU.
Merz has emphasized that improving competitiveness does not contradict Germany's commitment to achieving its climate goals by 2045. Instead, he advocates for open technology and innovation over excessive regulation and bans. Many economic and agricultural policies that hinder competitiveness, according to Merz, are the result of decisions made at the European level. He identifies an 'implementation problem' rather than a lack of understanding in Europe regarding competitiveness.
Merz's call for reducing bureaucracy to enhance EU competitiveness has been echoed by several countries, although specific names were not mentioned in the search results. He reassures that Germany remains committed to its climate goals while pursuing competitiveness.
Read also:
- India's Agriculture Minister Reviews Sector Progress Amid Heavy Rains, Crop Areas Up
- Over 1.7M in Baden-Württemberg at Poverty Risk, Emmendingen's Housing Crisis Urgent
- Life Expectancy Soars, But Youth Suicide and Substance Abuse Pose Concern
- Cyprus, Kuwait Strengthen Strategic Partnership with Upcoming Ministerial Meeting
