European Union governments must slash red tape and combat protectionism to beat off rising competition from the US, Japan and China, chief executives of three leading European companies warned last Saturday.
“We need to put our house in order” by reducing red tape and stopping state interference in business, said Peter Brabeck-Lemathe, head of Swiss-based global food giant Nestle.
Lemathe, who attended a meeting of EU finance ministers in Vienna along with the chief executives of Germany’s V...


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