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dot UK slash podcast to learn more. Good morning. It's Wednesday the 20th of May and this is the Brussels

Playbook podcast. The vibe in Brussels today is not so fast.

The EU has been on a push to slash red tape, but now it realizes perhaps it's been a bit too hasty and is calling in the experts.

Also on the podcast today, the EU is considering making the period between needing to renew sanctions

on countries like Russia longer. That's another side effect, a positive side effect, as much

as Brussels sees it, or ban losing the election in Hungary. And we talk peacocks. In Italy, proper

peacocks are becoming political peacocks. We give you a pracey. I'm Ian Wachart and

with me today is Politico's senior financial reporter Catherine Carlson, hello Katie. Hi Ian.

And you said you were very enthusiastic about talking about peacocks, didn't you? I would like to

clarify, I said once in one meeting that peacocks are cool. Well, given you normally write about market integration supervision package, I think I can understand why you see peacocks as being cool. They're majestic birds. Who doesn't like peacocks? Apart from the people we're going to talk about later. We'll find out who doesn't, exactly. But let's start with a more serious story. It's our first story today. It's about the inner

workings of the EU. And actually, it's really interesting because it shows how big political

initiatives can sometimes fault foul of technical realities. As you know, Katie, a big thing since

Ursula von der Leyen was reappointed as Commissioner President a couple of years ago is the commission's

campaign to get rid of red tape.

So the plan has been to strip away a lot of EU rules to simplify them, make things easier for business,

the idea being to create this sort of more dynamic economy that can compete with the likes of the US and China.

...