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Merz, Macron, Meloni urge new EU drive to cut red tape

Published by Global Banking & Finance Review

Posted on October 21, 2025

1 min read

· Last updated: January 21, 2026

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Merz, Macron, Meloni urge new EU drive to cut red tape
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BRUSSELS (Reuters) -The leaders of 19 European Union countries have urged the bloc to launch a new drive to "review, reduce and restrain" legislation to make the EU more economically competitive,

EU Leaders Push for Streamlined Legislation to Boost Competitiveness

Call for Legislative Reform in the EU

BRUSSELS (Reuters) -The leaders of 19 European Union countries have urged the bloc to launch a new drive to "review, reduce and restrain" legislation to make the EU more economically competitive, according to a letter seen by Reuters on Tuesday.

Signatories of the Letter

The letter to Antonio Costa, president of the European Council of EU leaders, was signed by leaders including German Chancellor Friedrich Merz, French President Emmanuel Macron and Italian Prime Minister Giorgia Meloni.

Goals of the Proposed Changes

"We want to preserve the European Union for what it stands for – freedom, security and prosperity. To do this, we must change its course. Not just a little but substantially," said the letter, sent ahead of an EU summit in Brussels on Thursday.

(Reporting by Andrew Gray, Editing by Dominique Vidalon)

Key Takeaways

  • 19 EU leaders call for legislative reform.
  • Aim to boost EU's economic competitiveness.
  • Letter addressed to European Council President.
  • Signed by Merz, Macron, and Meloni.
  • Reform discussions set for upcoming EU summit.

Frequently Asked Questions

What is legislation?
Legislation refers to laws enacted by a governing body, such as a parliament or congress, which regulate various aspects of society, including economic activities and business operations.
What are European economies?
European economies refer to the economic systems of the countries within Europe, characterized by diverse markets, currencies, and regulatory frameworks that influence trade and investment.
What is economic growth?
Economic growth is the increase in the production of goods and services in an economy over a period of time, typically measured by the rise in Gross Domestic Product (GDP).
What is business investment?
Business investment involves the allocation of resources, usually financial, by companies to acquire assets or improve operations, aimed at generating future returns and fostering growth.
What is the financial community?
The financial community comprises individuals and institutions involved in the management, investment, and regulation of financial assets, including banks, investors, and regulatory bodies.

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