Well, when big regulations are pushed out like this, it just encourages companies and businesses not to mention residents to look at other countries to move to. Honestly, I would never go to germany or france, not even for a vacation. Let them regulate themselves into a tomb in the history books.
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Spot on! - The EU is the slowest growing economic area, meaning in real GDP terms, it's a shrinking market. Their arrogance will lead us into a depression.
We're already behind a lot of Asian countries. These countries such as Singapore, Malaysia and Hong Kong (China) are all branded tax-havens, yet have a wonderful standard of living for their citizens!
While China go from hyper-regulation and control to free-market, we go from free-market to hyper-regulation and control.