France Calls for ‘Massive’ Regulatory Pause as Economy Flags
- French push comes as US President Trump moves to deregulate
- EU is under growing pressure from industry to cut red tape
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France is calling for a major reworking of European regulations, starting with ESG rules, as the bloc struggles to revive its competitiveness against a backdrop of sweeping deregulation across the Atlantic driven by US President Donald Trump.
The simplification process must start with “a massive regulatory pause,” the government said in a 22-page document seen by Bloomberg. In addition, recent legislation must be reexamined and revised as it becomes clear the laws are “ill adapted to the new context of exacerbated international competition and to the uncooperative policies of our main international competitors,” according to the Jan. 20 document.