Peter Caddle has a useful Brussels Signal piece on ECB President Christine Lagarde's comments on how overregulation holds back the EU.
Lagarde: US dollar world-order here to stay as overregulation holds back EU
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.
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.
7 comments:
Imagine how well-placed we would be if, as well as leaving the over-regulation zone, we were also able to provide cheap energy for all those data centres. Oh, and low NI contributions. And if we got on well with Elon Musk. And Trump.
Oh well, never mind.
Life is messy and not too predictable. The EU seeks to tame 'life' through regulation and is surprised when more dynamic cultures do better. How do they resolve this conundrum? More regulation!
Sam - yes, it could be so much better and even worth looking to the future with some optimism.
DJ - they don't seem to understand the trade-offs within the taming, where more taming means it all becomes unbalanced, skewed in favour of tamed stagnation.
“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.”
They turn mendacious projection into an art form, into a procedural imperative. Lowest quality humans on the planet.
James - yes, disgusting people.
What they need to do, is appoint a comittee to come up with new rules about what can be regulated
Bucko - good idea, although the committee will need terms of reference, but another committee should be able to put those together and keep them up to date regularly.
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