Cut EU Rules to Power Growth, France’s Finance Minister Says
- French finance minister says goal is massive simplification
- Le Maire says EU must also focus on capital markets union
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French finance chief Bruno Le Maire said he will make proposals in early March with German Economy Minister Robert Habeck to reduce European Union norms he says are holding back businesses and harming growth.
“We’re running an economic 100-meters race with a ball and chain around our ankle,” Le Maire told reporters in Paris on Monday. “European growth is shackled by norms, rules, directives and regulations, there is excessive administration.”