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Scott Bessent: “The EU was supposed to cut down on red tape, but it is…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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BREAKING NEWS: Scott Bessent Questioned About Trump's Greenland Ambitions, Tariffs At WEF In Davos

Published | Video Starts at 34:47

I was just asked in another meeting by some business leaders, what advice would you give to Europe? And I said I would operationalize the Draghi report because The EU was supposed to cut down on red tape, but it is algorithmically increased it. When I talk to tech executives, they will tell me it is easier doing business in China than the eu. Wow. That's not. That's not a great stat. (34:47–34:54)

CLAIM

Asserts that the EU has increased red tape instead of reducing it.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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