Comment by xvector
5 hours ago
It is interesting how downvoted you are for stating simple facts. Many people in the EU will just willfully bury their head in the sand when it comes to the impact of regulation on the economy.
It's a night and day difference trying to get something built in the EU vs the US.
It's always easier to focus on a shared ennemy than to look inward. Talking about the Draghi report forces people to confront that the EU is actually extremely disunited at the moment and the political landscape is very messy. The report was buried by Germany and the Netherlands after all.
It's easy to rally behind the idea that bad foreign actors conspire to torpedo customers protecting laws because it provides a theorically easy solution: just stop allowing foreigners to interfer. Meanwhile, considering how these laws might be impacting companies in a fairly cut throat international environment and if we have put the cursor at the right place between protections and economic growth is a far more complex debate. It involves a lot of trade off and shades of gray and it puts the onus of decision strictly on us.
It's complex and as with everything involving trade offs, it's very easy to rattle purists of both sides. I rarely expect a rave welcome when I start discussing these topics on the internet.