Despite cutting legacy costs through mergers, consolidation and restructuring, European carriers are still facing the heavy hand of regulation and government, adds Tyler.
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People are voting for lower taxes, less public spending, a lighter hand of regulation: that is why hitherto leftist governments have made a start on delivering them.
It is not yet clear whether its dismembered bits will turn out to be serious rivals, and whether the bracing winds of competition can substitute effectively for the stifling hand of regulation.
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On the one hand, inadequate regulation can undermine public safety.
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On the other hand, over-regulation, particularly when insufficient data exists, serves to stifle productivity and needlessly add to production costs, ultimately driving up prices for consumers.
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The Anaheim captain still delivered two remarkable assists in pressure-packed moments to hand Chicago its third regulation loss in six games after its 21-0-3 start to the season.
At 29, 000 feet, by FAA regulation, I had to stop hand-flying the Mustang and switched on the autopilot.
The SEC, on the other hand, has tremendous knowledge of mutual fund practices and regulation yet perennially fails to act.
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Here the government can genuinely be said to be steering a middle course between the job-destroying regulation that exists elsewhere in the European Union on the one hand, and what other Europeans see as Britain's Thatcherite free-for-all on the other.
"But if on the other hand you believe that states are essential for maintaining civilised behaviour and for having regulation, then it is a problem, " he says.
On the other hand, business spokespeople fear that if they argue that low taxes and streamlined regulation foster long-term economic growth, which benefits everybody, the message will resonate only with people who already see the world that way.
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