According to Bloomberg, Ursula von der Leyen’s new European Commission plans to boost the Union’s competitiveness by cutting regulation across the board.
The next European Commission intends to urgently cut the EU’s environmental, social and administrative regulations in order to enhance the competitiveness of the Union’s industry, Bloomberg reports based on its source.
The purpose is to “simplify” doing business in the Union and to “significantly reduce” the “burden” caused by regulation for companies. Bloomberg says the Commission’s spokesman is leaving.
According to Bloomberg, it seems that the German who will continue as the president of the Commission Ursula von der Leyen has confirmed the former head of the Italian central bank Mario Draghi The report made to the EU, which called for the Union to take vigorous measures to maintain competitiveness.
According to Draghi, the EU will lose to the United States and China if more power is not extracted from the internal market, for example by loosening regulations and increasing the mobility of capital.
According to Bloomberg’s source, the new commission is possibly planning to present legal amendments aimed at the desired changes as legal packages. The European Commission can propose legislation for approval by the European Parliament and the Council.