EU businesses are falling behind their major competitors, BusinessEurope chief says Striking a balance between regulation and letting businesses grow is always a difficult thing for policymakers to do. But has the EU veered into over-regulation? Our guest argues that red tape in some areas is holding back EU-based companies, and is partly responsible for those firms losing ground to their competitors in other parts of the world. But he is adamant that finding a solution to this does not mean having to renege on the EU's key policy initiatives, such as the European Green Deal. Markus Beyrer is the director general of BusinessEurope, which represents national employers' associations and companies.