Adrian Weckler: Worthy EU regulations only serve to make the USA and China richer – as we grow poorer

Tech, still the world’s main driver of growth, is suffocating in Europe

Mario Draghi

Just over a year ago, the former Italian prime minister and European Central Bank president Mario Draghi unleashed a 401-page report warning about the decline of European business, blaming red tape.

He said that Europe as a whole is over-regulated, killing competitiveness and getting poorer. Watching this happen had become a “slow agony”, he observed.

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