Ecb's Discreet Admission: Too Many Rules Kill European Technology

FrenchWeb.fr

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In the public debate, the finding seems to be established, Europe would lack capital to compete with American technology, with for unique solutions, more funds, more subsidies, more venture capital. In a working paper of the European Central Bank, Jonathan Bothner, Paloma Lopez-Garcia, Daphne Momferatou, Ralph Setzer have analyzed the data from 25 countries ... Read more European technology is not underfunded, it is over-regulated has appeared f…

contrepoints.org

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In a working paper published on 11 February, the ECB questions: why is Europe lagging behind in high-tech sectors? The answer is not flattering. Europe's delay would not first be due to a lack of engineers or capital, but... (surprise?) to the character of the institutions and the regulatory environment. European countries with simpler rules, more efficient procedures and higher legal certainty attract more investment in innovative sectors.