Europe must defend its regulatory system more forcefully in order to remain globally competitive, the EU’s competition chief has said in a call to resist pressure from Donald Trump and those lobbying for change at home.
Teresa Ribera, the European Commission’s second-in-command, told the Financial Times that the EU was destined to lose a “race to the bottom” as she championed tough Brussels oversight of Europe’s economy.
Her remarks, as the leading socialist at the EU’s executive arm, come amid a drive by the bloc’s centre-right leadership to appease both Washington and European industrialists with a bonfire of regulations.
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