the prevailing rhetoric has not only been "if it's not against the letter of the law, do it for profit" but "changing the letter of the law is bad for business, because it creates an unstable environment for business."
Yep, that's t the heart of it - and it's certainly not over:
German plea for pause in costly EU laws Representatives of German business have called for a moratorium on any European Union legislation that would impose higher costs on companies at a time when they are grappling with the fallout from the financial crisis. Two of Germany's largest trade bodies said Brussels should think carefully about putting additional burdens on business given the potential of the financial crisis to weaken the "real economy". "We've got to ask whether certain measures, including environmental legislation, are responsible given the economic outlook," Hanns-Eberhard Schleyer, general secretary of German Confederation of Skilled Crafts (ZDH), told the Financial Times.
Representatives of German business have called for a moratorium on any European Union legislation that would impose higher costs on companies at a time when they are grappling with the fallout from the financial crisis.
Two of Germany's largest trade bodies said Brussels should think carefully about putting additional burdens on business given the potential of the financial crisis to weaken the "real economy".
"We've got to ask whether certain measures, including environmental legislation, are responsible given the economic outlook," Hanns-Eberhard Schleyer, general secretary of German Confederation of Skilled Crafts (ZDH), told the Financial Times.
We also have to fight the notion that regulation is a cost. In the long run, we're all dead. John Maynard Keynes
