It's called regulators with teeth, and it's what makes the EU livable for its citizens. As an EU and US citizen this is exactly why I choose to live in the EU.
That's not how I'd put it, as a citizen of an EU country. The overregulation is suffocating for both business and individuals (who lived in socialism and value liberty, anyway).
Just this year, EU regulations destroyed my LTE data plans, hugely increased my cost of Swiss travel (the same) and ruined my hobby because terrorism.
Just this year, EU regulations destroyed my LTE data plans, hugely increased my cost of Swiss travel (the same) and ruined my hobby because terrorism.