Macron Says Over-Regulation to Leave Europe Behind US, China
- The French president speaks on Berlin Global Dialogue panel
- He said the EU is on the verge of a ‘very important moment’
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French President Emmanuel Macron delivered a pessimistic outlook for the European Union, warning that lack of investment and too much regulation would make the bloc uncompetitive.
Speaking at the Berlin Global Dialogue, Macron said Washington and Beijing outstrip the EU in both economic output and investment, and Europe won’t be able to compete with other countries unless it moves quickly to complete a banking union and make global trade rules more fair.