The bureaucrats in Brussels are infamous for promulgating directives that add to the regulatory burden in European Union nations. Yet the same bureaucrats are pressuring national governments to adopt deregulation targets. This do-as-I-say-not-as-I-do message certainly rings hollow, though European consumers would benefit if politicians reduced red tape. The EU Observer reports:
EU leaders have agreed to a somewhat stronger goal on cutting red tape in their national legislation, despite previous reluctance to commit to a reduction of 25 percent of administrative burdens. …The move comes after last-minute pressure from the European Commission, urging governments to make a clear commitment to cut national bureaucracy which accounts for half of the bloc’s administrative costs. …Brussels believes red tape reduction would boost the EU economy by the equivalent of 3.5 percent of GDP and free up an estimated €150 billion for investment but only if national targets are included.