US EditionGermany's Merz Says Time to Act to Boost EU Competitiveness
Merz highlighted a 1% EU growth rate versus 8% in China, urging deregulation to restore industrial strength and economic sovereignty amid global competition.
- On Wednesday, German Chancellor Friedrich Merz urged Europe to 'act swiftly and to act decisively' at the Antwerp summit to reverse industrial decline and compete with China and the US.
- Citing growth figures, Merz noted China grew around 8 percent yearly, the U.S. 2 percent, and the EU only 1 percent while overregulation hampers EU investment.
- Merz proposed a systematic review of EU legislation and suggested that projects not approved within weeks or months be regarded as approved, advocating for deregulation.
- All 27 leaders of the bloc will gather in a Belgian castle east of Brussels on Thursday to discuss boosting the single market and competing globally, urged by French President Emmanuel Macron and European Commission President Ursula von der Leyen.
- Suggesting flexibility on climate rules, Merz said the EU carbon market aims to reduce CO2 and enable CO2-free production, but it should be revised or postponed if ineffective, citing China's large solar farms and adding, `Only an economically powerful Europe will be a sovereign Europe.
13 Articles
13 Articles
German Chancellor Friedrich Merz hails China's efficiency, urges EU to cut red tape
German Chancellor Friedrich Merz praised China's economic growth and efficiency while urging the European Union to implement sweeping deregulation to boost the EU economy at the European Industry Summit in Antwerp, Belgium on Wednesday.
German Chancellor demands EU slash red tape in bid to compete with US and China
German Chancellor Friedrich Merz has called on the European Union to axe 25 years of "decline" by rolling out "bold" economic action.Addressing economic chiefs in Antwerp on Wednesday, Mr Merz proposed introducing a set of measures after arguing "minor correction to laws are insufficient"."Only an economically powerful Europe will be a sovereign Europe," the world leader told experts in the Belgian port city.Over the course of Wednesday and Thur…
Federal Chancellor Friedrich Merz (CDU) urges a more competitive Europe and calls for faster reforms. At the informal EU summit in Belgium, the focus is on the crisis-ridden European economy.
Deregulation and a "Made in Europe" ratio: Germany and France want to promote economic reforms in the EU - albeit in different areas. This is at least partly open to the attention of industry.
European Industry Summit: "We Must Deregulate Every Sector" – Merz Calls for Economic Policy Reforms
At the European Industrial Summit in Antwerp, Berlin and Paris are wrestling for Europe's economic policy course. Chancellor Merz calls for a radical stop to regulation for companies, President Macron promotes European preference for contracts and joint debts.
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