NBB Governor discusses Europe’s low-risk model and regulatory challenges
The NBB published an analysis by Governor Pierre Wunsch and economist Geert Langenus on Europe’s economic model and its ability to adapt to a changing global environment. The authors discuss Europe’s risk-averse approach, regulatory burden, technological competitiveness and strategic autonomy. They argue that Europe faces difficult trade-offs between regulation, growth, competitiveness, climate objectives and strategic autonomy. The publication does not introduce new compliance requirements but provides a broader policy perspective on the future direction of European economic and regulatory policy.
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