Economic Buzz: IMF's Kristalina Georgieva talks about re-energizing Europe, highlights over-regulation
05-Feb-2026
11:41
IMF Managing Director Kristalina Georgieva talked about re-energizing Europe in a latest speech. She noted that Europe's convergence engine is stalling. It is held back by an incomplete single market and complacency. And this is happening while Europe faces huge external threats. She also noted that over-regulation and clumsy regulation impose large costs on Europe. She a deep 'regulatory housecleaning' to sweep away the legacy rules that do more harm than good'harm that includes disproportionately burdening small firms. With the single market running on 27 national legal regimes for firms, we at the IMF strongly support your determination to bring to life a 28th regime'to allow firms to opt into a single, pan-EU legal framework covering company law and insolvency, broadening over time, she opined. Europe must also drive forward its savings and investment union to channel risk capital'not just from Europe's vast pool of savings but from global markets'to its most innovative firms, delivering cross-border private risk sharing, higher returns, and faster growth.
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