Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-727-000"

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"Madam President, the global economy has been going through major changes for a long time now. In addition to traditional industrial zones, powerful new industrial centres are growing. A strong competitive environment is developing, in which we will have to try harder and harder to maintain meaningful employment for our citizens. In this competition with other industrial centres, we are disadvantaged by two serious drawbacks. The first comprises the enormous differences in the legal environment which regulates ways of doing business, dispute resolution or the enforcement of obligations, and these differences prevent a broader opening up of cross-border business through the jurisdictions of the Member States. This is related to the second drawback – the excessive bureaucracy, which not only consumes the money generated by industry while producing no added value, but even harasses those on whose labour it lives, by means of all kinds of statements, regulations and guidelines. Commissioner, none of the rapidly developing countries have the kind of administrative juggernaut that we have in Europe."@en1
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