"The bloc has become 'a caligulan bureaucracy that has, regulation-by-regulation, irrigated more and more power away from sovereign European states - not liberating the European economy, but strangulating it.'"
"'Europe is accruing a lag that will not be reversible in years. It will take a generation to undo. That is not a policy disagreement; that is a civilizational emergency.'"
"'The fines imposed on U.S. tech firms under the law are more costly to the EU, since they encourage companies to turn elsewhere for investments and development.'"
"'We're not willing to be politely silent, because we are not politely invested.'"
A top State Department official criticized the EU's regulatory framework for stifling innovation and collaboration with the U.S. He described the EU as a 'caligulan bureaucracy' that diminishes the power of European states. The 2024 Draghi report indicated that Europe is falling behind in technology sectors like AI and cloud computing, creating a 'civilizational emergency.' Recent EU laws, particularly the Digital Markets Act, have penalized U.S. companies, discouraging foreign investment and innovation, which could have long-term negative impacts on the EU economy.
Read at Nextgov.com
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