Source: Foundation for Economic Education
by Mark Nayler
“For the last couple of years, the EU has been on a mission to make European businesses more competitive through a process it calls ‘simplification.’ This means slashing red tape — especially in the form of reporting and compliance obligations — by 25% for all companies, and at least 35% for SMEs. Backed by Germany, Italy, and the Nordic countries, the project is said to have already saved EU companies €15 billion in administrative costs, almost halfway to the €37.5 billion savings goal set by Brussels for 2029.” (06/16/26)