The EU hopes its new rules will allow more start-ups to scale up and become European champions

The EU hopes its new rules will allow more start-ups to scale up and become European champions

Entrepreneurs will be able to create pan-European companies under new plans to be unveiled Wednesday, which the EU executive says will make it less of a headache to do business across the bloc.

The proposal known as "EU Inc" is part of ramped-up efforts to tackle the European Union's competitiveness problem as the bloc's economy and industries risk falling further behind the United States and China.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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