Germany’s Friedrich Merz and Italy’s Giorgia Meloni have presented an updated Italo-German Plan of Action aimed at enhancing competitiveness across Europe. The plan emphasizes reducing legislative complexity, promoting self-restraint in lawmaking, and improving regulatory frameworks.
The effectiveness of this approach will be evaluated through upcoming initiatives, including the Omnibus legislative package and ongoing efforts to reform Better Regulation processes within the European Union.
**Why this matters**
Streamlining legislation and regulation is seen as a key factor in boosting economic growth and competitiveness in Europe. By focusing on simplification and limiting excessive regulation, the Italo-German plan seeks to create a more efficient and business-friendly environment across member states. The success of this strategy depends on the implementation of major legislative reforms currently underway.
Source: NewsData