Britain’s Prime Minister David Cameron (L) and Germany’s Chancellor Angela Merkel attend a meeting for a business task force called “Cut the Red Tape” during a EU summit in Brussels October 25. European Union regulation is strangling economic growth and costing the continent billions of euros, according to a British government-backed report that Cameron hopes will bolster his case for reform of the bloc. He set up the review of EU red tape in June, addressing one of the biggest grievances of British Eurosceptics who complain that the 28-nation bloc’s rules are often petty, interfering and expensive to implement. REUTERS/Yves Herman (BELGIUM – Tags: POLITICS BUSINESS TPX IMAGES OF THE DAY) – RTX14NJV
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