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Productivity Crisis: Is Europe A Basket Case?
Many Happy Returns
Streamline to Progress: Cutting Bureaucracy in Europe
The report emphasizes the need for structural changes within the European Union rather than merely increasing common debt for spending. Key recommendations focus on enhancing the functioning of the European Commission and adjusting the balance of power between EU capitals and the Commission. Although some of these changes may not require treaty modifications, their implementation could significantly impact EU governance. Persistent issues like stagnant GDP and productivity growth in Europe are linked to technological stagnation, declining population, and inadequate investment. A central solution proposed is the reduction of bureaucracy and red tape to facilitate better business operations within the EU.
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