Germany’s Merz says time for ‘bold decisions’ to reverse EU ‘decline’

German ChancellorFriedrich Merzcalled 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 theBelgianport 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”.

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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Source: Insider Paper