Better regulation on European level may imply no regulation at all. This can have two reasons: Firstly, the costs of the regulatory action exceed the utility from obtaining the regulation's policy objective. Secondly, in many cases regulatory action is better taken at national or subnational level rather than at European level. To limit the overall level of regulation, the European Union should rigorously investigate whether planned legislation (ex ante test) and existing legislation (ex post test) fulfil the principles of proportionality and subsidiarity. Planned or enacted legislation that does not fulfil these criteria should be scrapped.
The respective wiki article that is referred to is found here.
This message was edited 1 time. Last update was at 04/20/2009 15:41:58
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