Europe weighed down by paperwork and lack of innovation | EUROtoday

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FFaced with the shocks which have multiplied, from the crash of 2008 to the invasion of Ukraine by way of the Covid pandemic and the power shock, Europe is diverging from the United States. The Union's GDP now represents solely 65% ​​of that of the United States in comparison with 91% in 2013. Wealth per capita stagnates at $35,200 per yr on our continent, in comparison with $76,350 throughout the Atlantic. Productivity good points are zero there whereas they attain 3% per yr in America.

Europe's stagnation is fully defined by the shortage of innovation, itself inseparable from the capital deficit. Over the previous ten years, capital flows have elevated by greater than 20% within the United States whereas they’ve plateaued within the Union. The capitalization of the American markets exceeds 46 trillion {dollars} in comparison with 14.8 in…

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