Mumbai, Feb. 5 -- IMF Managing Director Kristalina Georgieva talked about re-energizing Europe in a latest speech. She noted that Europe's convergence engine is stalling. It is held back by an incomplete single market and complacency. And this is happening while Europe faces huge external threats. She also noted that over-regulation and clumsy regulation impose large costs on Europe. She a deep "regulatory housecleaning" to sweep away the legacy rules that do more harm than good-harm that includes disproportionately burdening small firms. With the single market running on 27 national legal regimes for firms, we at the IMF strongly support your determination to bring to life a 28th regime-to allow firms to opt into a single, pan-EU legal fra...