The global economy has been shaken once again, and the outlook is bleak. The protracted conflict in the Middle East could trigger an energy crisis more severe than those of 1973 and 1979, leading to a global recession. In this adverse scenario, the EU must pursue its strategy to strengthen competitiveness, inspired by the Draghi Report. One of the principles of this strategy is regulatory simplification to boost the single market. To put this in perspective, the fragmentation of the single market represents a loss of approximately 500 billion euros in additional GDP per year. Non-tariff barriers between member states are equivalent to tariffs of around 44% for goods and 110% for services. However, there is good news: the European Commission has proposed a new corporate status that allows SMEs to be opened, transferred, or expanded across all member states more simply, quickly, and cheaply. The so-called 28th Regime, or 'EU Inc.', facilitates investment, growth, and the internationalisation of companies, which will no longer have to face 27 different legal systems and over 60 types of commercial companies existing in the EU. It will be possible to create a company in just 48 hours, from any member state, and in a fully digital manner. It is essential, however, to continue working to improve the business environment in the EU by advancing the simplification of the regulatory context. The bureaucratic tangle in which the European project has become ensnared is a serious obstacle to the functioning, competitiveness, and success of businesses. Business activity in the EU needs to be encouraged and strengthened with a more solid, stable, simple, and reliable regulatory framework. Commercial company rules must be clear and homogeneous across the European space to convey confidence to investors, business owners, and entrepreneurs alike. Competitiveness cannot be Europe's Sisyphus stone, which insists on rolling back down the mountain with every new geopolitical shock, such as the reckless war against Iran. A new economic crisis that galvanises populist movements, especially in France and Germany, will likely signify the death rattle of the European project or, at the very least, its reconfiguration according to values alien to Europe's Enlightenment tradition.