Speech | Plenary | 23.10.2024 | Topical debate (Rule 169) – U-turn on EU bureaucracy: the need to axe unnecessary burden and reporting to unleash competitiveness and innovatio
View the whole speech in LinkedIn.
Europe. We are losing this game. We need to stop giving big speeches on Europe’s competitiveness and wanting to have European digital champions if we suffocate them with regulations at the same time.
Regulatory burden, uncertainty and lack of capital to grow are among the reasons for companies to leave the EU. We must enable and not restrict the use of data.
We are losing our best and most promising companies to more agile markets.
Finnish innovative start-up Solar Foods is struggling to launch their products here due to our heavy approval process. Dutch digital champion Booking.com slams the EU over ‘dumb’ regulation.
We must streamline, cut, and simplify and remember that the devil is in the details.
We need to hold the new Commission accountable and make sure they don’t propose any new regulations in the field of digital.
With concrete action we need to make the EU a place where innovation thrives, not dies under the paperwork.
