Goldman CEO slams EU regulations as growth-killing amid crypto clampdown
The post Goldman CEO slams EU regulations as growth-killing amid crypto clampdown appeared on BitcoinEthereumNews.com. Goldman Sachs CEO David Solomon urged Europe to reconsider its extensive regulatory requirements since they burden companies unnecessarily. He said Europe remains an outlier in terms of the overbearing, duplicative, and costly obligations it places on firms. According to Solomon, Europe’s financial system has been criticized for its national-level regulations, overlapping reporting obligations, and slow progress on capital markets and banking union reforms. The region’s financial system is also often seen as a barrier to investment. Solomon says the EU’s regulations hinder growth Elon Musk: Radical deregulation is necessary in Europe. If that means leaving the EU, it means leaving the EU. “Europe is overregulated. There are too many rules and regulations that make it very difficult to create a company and do too much to protect large companies at the… pic.twitter.com/XUJy94duko — ELON CLIPS (@ElonClipsX) June 9, 2025 Solomon also mentioned that companies, analysts, and investors argue that Europe’s rules raise costs, complicate cross-border activity, and put the bloc at a disadvantage to the U.S. and other economies. He added that the EU’s biggest challenge is that countries can veto reforms to protect narrow national interests. The chief of the world’s largest investment bank acknowledged that the challenge has consistently weakened the bloc’s economic, financial, and geopolitical power. He believes that reducing or eliminating the EU’s regulations could re-establish its growth in the global economy. “If you want an applied example of regulating, killing increasing yields, and exterminating economic growth; look no further, just look around for Europe is the best example where regulations are killing economic growth.” –Javier Milei, President of Argentina. He also hopes EU officials will roll back regulations that have prevented balanced growth in capital markets and consolidation in the sector. The bank’s official believes more fiscal action in the bloc would benefit growth. Solomon’s…
The post Goldman CEO slams EU regulations as growth-killing amid crypto clampdown appeared on BitcoinEthereumNews.com.
Goldman Sachs CEO David Solomon urged Europe to reconsider its extensive regulatory requirements since they burden companies unnecessarily. He said Europe remains an outlier in terms of the overbearing, duplicative, and costly obligations it places on firms. According to Solomon, Europe’s financial system has been criticized for its national-level regulations, overlapping reporting obligations, and slow progress on capital markets and banking union reforms. The region’s financial system is also often seen as a barrier to investment. Solomon says the EU’s regulations hinder growth Elon Musk: Radical deregulation is necessary in Europe. If that means leaving the EU, it means leaving the EU. “Europe is overregulated. There are too many rules and regulations that make it very difficult to create a company and do too much to protect large companies at the… pic.twitter.com/XUJy94duko — ELON CLIPS (@ElonClipsX) June 9, 2025 Solomon also mentioned that companies, analysts, and investors argue that Europe’s rules raise costs, complicate cross-border activity, and put the bloc at a disadvantage to the U.S. and other economies. He added that the EU’s biggest challenge is that countries can veto reforms to protect narrow national interests. The chief of the world’s largest investment bank acknowledged that the challenge has consistently weakened the bloc’s economic, financial, and geopolitical power. He believes that reducing or eliminating the EU’s regulations could re-establish its growth in the global economy. “If you want an applied example of regulating, killing increasing yields, and exterminating economic growth; look no further, just look around for Europe is the best example where regulations are killing economic growth.” –Javier Milei, President of Argentina. He also hopes EU officials will roll back regulations that have prevented balanced growth in capital markets and consolidation in the sector. The bank’s official believes more fiscal action in the bloc would benefit growth. Solomon’s…
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