Red tape costing European Union businesses £700B a year

Anthony Butcher · 06-12-2004, 03:55 AM

http://business.scotsman.com/managem...?id=1395652004

Quote:

MOUNTING levels of red tape are costing the economies of the European Union more than 1 trillion (£700 billion) a year in lost output, a devastating report from the European Commission has conceded. The huge and growing burden is based on ground-breaking but overlooked research published by the US Federal Reserve Bank, which calculates that Europe’s failure to reform its economies along US lines is costing it 12.4 per cent of gross domestic product a year.

mkpdavies · 06-12-2004, 04:11 AM

Mmmm, not sure if the Fed will be the most impartial source to rely on, but it probably isn't that far off. Anyone who works must see what EU regulations are doing to ALL businesses, big and small.

06-12-2004, 04:11 AM	#2 (permalink)
mkpdavies Uber Member Join Date: Sep 2004 Location: Woking Posts: 30,604	Mmmm, not sure if the Fed will be the most impartial source to rely on, but it probably isn't that far off. Anyone who works must see what EU regulations are doing to ALL businesses, big and small. __________________ http://brits4ronpaul.blogspot.com/ http://wokinglibertarians.blogspot.com/ http://lpuk.org My ignore list Labour, Blue Labour, Lib Dems

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