EU overregulation shock horror
The US dollar world-order is not going anywhere anytime soon, European Central Bank (ECB) President Christine Lagarde has claimed.
Lagarde also repeated warnings that the European Union economy was falling further behind China and the US, largely as a result of overregulation.
Speaking to Le Monde on October 31, she expressed doubt as to the viability of the proposed alternative international payment system floated by the BRICS intergovernmental organisation comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia and the United Arab Emirates.
There can’t be any sensible person who doesn’t know about EU overregulation, but the piece is well worth reading now we have an absurd EU regulation enthusiast posing as Prime Minister.
“It is a reality that Europe is falling behind and France, too,” she told the French media outlet.
“The energy factor is fundamental, particularly for data centres. The labour factor also comes into play, with mobility [for workers between companies] being much higher in the US. The issue of regulation is also essential.
“To oversimplify things, the US is developing artificial intelligence very rapidly and is already starting to see a number of major champions. Meanwhile, Europe not only has no major champions but it is a pioneer in the regulation of artificial intelligence.
Source: https://akhaart.blogspot.com/2024/11/eu-overregulation-shock-horror.html
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