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German Chancellor Friedrich Merz, in his speech at the Davos Forum, stated that he had worked out “new ideas” with Prime Minister Giorgia Meloni to change the European Union, “which will be proposed soon,” including “an emergency brake on bureaucracy.” Merz harshly criticized the excess bureaucracy and regulations in the EU, which he said had “hindered our potential: all this must change.”
The policy document was drafted for the Leaders' Meeting in Alden Biesen in Belgium on February 12, where German Chancellor Friedrich Merz and Italian Prime Minister Giorgia Meloni will push for a coordinated EU strategy to support businesses, attract investment and strengthen the single market.
He urges leaders to use the summit and a European Council meeting in March to agree on concrete commitments.
Meloni and Merz are also scheduled to meet on Friday in Rome for a bilateral summit, where the Italian-German document will be presented, according to an Italian government source, who spoke on condition of anonymity.
New EU rules
Reuters cites International Monetary Fund figures showing that the EU's internal barriers amount to internal tariffs of up to 44% for trade in goods and more than 110% for trade in services. It calls for "ambitious regulatory burden relief".
This union proposes accelerated approval procedures, routine repeals of outdated laws and stricter scrutiny of new rules, with regular reporting to EU leaders on progress.
Germany and Italy also support deeper integration in services, energy, capital markets and digital industries, a pan-European stock exchange and revised merger rules to help companies compete globally.
The proposal calls on the EU to accelerate free trade talks with partners including Australia, India, the United Arab Emirates and the Association of Southeast Asian Nations, while warning that Europe is ready to use trade protectionist tools if necessary.
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