As President Donald Trump overturns a slew of regulations, there's a growing chorus of voices calling for similar moves in Europe.
President Trump wasted no time on his first day in office, announcing a slew of deregulatory executive orders aimed at shoring up key industries
The European Union, often considered a frontrunner when it comes to regulation, is struggling to boost innovation and growth in the face of growing competition from the U.S. and China. "It needs to be a clear reset on regulation and let business get on with it," Wierod told CNBC "Squawk Box Europe" at the World Economic Forum in Davos, Switzerland.
"There are a lot of investments that are needed to be made in infrastructure, a lot of investments that need to be made in the strategic autonomy of Europe when it comes to tech infrastructure, those are the things that need stimulation," he said.The EU has one of the strictest regulatory business environments globally, often priding itself on being a first-mover in developing guidelines to manage industries and protect consumers.
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