German Chancellor Friedrich Merz called Wednesday for “bold” EU steps, including sweeping deregulation, to reverse a quarter century of “decline” faced with economic rivals China and the United States.
“Only an economically powerful Europe will be a sovereign Europe,” Merz told industry chiefs gathered in the Belgian port city of Antwerp on the eve of EU talks on the economy.
“It is high time for Europe to act, to act swiftly and to act decisively,” he said, calling for the EU to “deregulate every sector”.
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