In its ‘vision paper’ published on 26 October, the European Round Table for Industry (ERT) expressed concern that the EU is “lagging behind” the United States and China in terms of economic growth and innovation.
The group of 60 leading industrial companies is calling for further integration of the EU’s single market, a capital markets union and better incentives for investment in Europe.
The document shows, for example, that the EU spends far less than its global competitors on...