BRUSSELS, March 16 (UPI) -- The European Union released a new package Wednesday to cut-red tape, tackle excessive regulation and help to strike a balance between costs and benefits of legislation.
As a way to drive the EU's economic growth and employment, the new "better regulation" package will offer pilot projects to reduce administrative burdens, consultations with non-governmental agencies and a screening of possible proposals to eliminate burdensome or unnecessary legislation.
"Releasing our creativity from the restraints of red-tape is the best way to push forward our ambitious goals for the economy, for the society and the quality of life of our citizens," said EU President Jose Manuel Barroso. "If we can improve the regulatory environment both at EU and national level, we will take a giant step towards unlocking Europe's hidden potential."
"Less red tape means more growth," added European Commission Vice President Gunter Verheugen. "The commission is ready to do its part, to clamp down on overregulation and promote simplification. But we cannot go it alone. Member states must also reduce bureaucracy. This is holding back businesses from creating jobs."
