Europe is embarking on deregulation, as slow growth and the AI ​​race show

Europe’s reputation for being heavily regulated has taken a hit. There is a growing consensus in the major economies – France and Germany – that regulation is too strict, and Germany, for example, has made an important contribution to the Savings and Investment Union (SIU) process by agreeing to have its financial markets regulator hand over some control to the European Markets Regulator, and France and Germany are working more closely to limit EU AI regulation to create European AI champions, with a number of cooperation agreements due to be announced in the coming weeks.

At the EU Parliament level, there have been a number of significant votes on “omnibus” laws – agreements to simplify and, in some cases, reduce overbearing regulation….