Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-09-03-Speech-1-113"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20070903.17.1-113"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"Mr President, as we debate better regulation, we should first recall the scale of the problem. No one imagines you can run a modern economy without regulation but, equally, excessive regulation can be hugely damaging, and the Commission’s own figures prove it. In an interview with the
last year, Commission Vice-President Verheugen said that he had made a new estimate of the annual cost of regulation to the EU economies, and that it amounted to an extraordinary EUR 600 billion! That is around 5.5% of the EU’s GDP.
But what about the admitted trade benefits of the single market? Here again we can turn to the Commission’s figures. The Commission has estimated the trade benefits at EUR 160 billion a year. In other words, the cost of EU regulation exceeds the benefits of the single market by more than three times. The EU’s regulatory system is making us all poorer and damaging our competitiveness in the face of globalisation.
My fear is that all the talk of better regulation is coded language for ‘more of the same’. We do not need better regulation, we need less regulation.
I have a practical proposal: let us agree to pass no new legislation in the next parliamentary term. Instead, let us unleash the full power of the EU institutions on the task of deregulation. Let us do the impact assessments, let us consult with industry and then let us dismantle the legislation which is holding us back."@en1
|
| lpv:spokenAs | |
| lpv:unclassifiedMetadata |
Named graphs describing this resource:
The resource appears as object in 2 triples