Europe does not lack capital - it lacks scale
Antonin Bergeaud, Andre Loesekrug-Pietri and Jean Tirole
Even the best start ups cannot thrive sustainably in an environment where each country protects its national champions, and where administrative barriers prevent the emergence of truly European ones. If Europe wants to be a technological power, it must finally implement a genuine single market.
6 January 2026
Project Syndicate
https://www.project-syndicate.org/commentary/eu-technological-innovation-suffers-from-lack-of-market-scale-and-incentives-by-antonin-bergeaud-et-al-2026-01
This Blog is published under the centre's Growth programme.
This publication comes under the following theme: Innovation drivers