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The writer is the former President of European Central Bank and was the prime minister of Italy. You have exceeded the report about the future of European contest

Recent weeks gave a strong reminder to become a European wound. Elevone grew at the end of the past year, emphasizes the use of diligent home. And we start to contaminate its major business tables, and it was a city. This care ensures one in Europe’s greatest growth was given a foreign recipient’s economy.

There are two great reasons why she had left this Europe – but they can also live again if it is worth more than the odd diseases.

The first is the impossibility of the EU’s long-term problems to handle its supply difficulties, especially its internal internal restrictions and conditions. These rampes greater than that we are willing to make us insert – and their bad effects are increasing over time.

The IMF Europeans in Europe is inside European internal equivalent of 45 taxes for making up with 110 percent for services. These destroy the market that operates in European companies: European Prince over the countries below US States. And as the process of closing more to the service, their overall pull to grow.

At the same time, the EU has allowed the most frequent service controls – Digital – hinders the growth of European relief and economic to exit large notice. The costs of following and gdpr, eg is to be estimated Having reduced profits for Europe’s technologies by up to 12 percent.

Together, Europe was accurately lifting in its borders and increasing lines as a result of 70 percent of EU GDP.

This failure to lower internal barriers also helped the exposure of the good European business. Since 1999, the business as part of GDP is up from 31 percent to Eurozone, while 37 percent from the US from 25 percent. This opening was a treasure in the world world. But now it’s now nuns.

There is a problem that internal obstacles remain very high, outdoor restrictions are not covered when the login is increasing. EU companies looked all around to replace the lack of growth and burs.

For example, from the mid-1990s, business expenses services is to be estimated have 11 percent in the eu but in 16 percent for non-EU’s information. This helps to explain why business is in and out of the EU in full economy.

The second point was held in Europe behind the weak worries of 2008. This has improved all the issues caused by supply problems. Until the problem, the local need for being part of GDP in the GDP was near the excess economic size. After that, it fell down and stayed there. The US is sitting on top of across it.

This leaf has helped to have high trade cleanliness: The current Eurozone account has been changed to 2008 to continue.

And a weak lack of rest as a unique production of products after collapse, an unseen model in the US. This can be described in the same way about the impact of the need for decision of publication. Research It finds that decorated obstacles have a valuable effect on R & D to invest, especially for the derogatory technology.

When the demand gap contains drivers with different kinds, it has been a situation related to financial strategies. Since 2009 to 2024, measured with 2024 euros, the US government fell over five economic times – € 14tn to Eurozone.

Both forms both – supply and need – are usually done most in Europe. Therefore they are in their change of change. Draver the free drive to remove supplies to help drivers from the home market, reduce opening business. The European’s new championships provide a road map to achieve this.

At the same time, the main use of financial tax – in the form of upper investment – will help lower the business invest in other in the other in the other in R & D.

But this road requires basic change in mind. To date, Europe facing one or national goals without calculating their united costs. Saves public money raised the goal of taking care of the debt. The distribution of the system was designed to protect residents from the new crashes. Internal barriers are a legacy of times in the country’s land that was a natural barrier to action.

But it is not clear that this way is no comfort in European people, or public styles or converted by foreign pressure. That is why it is necessary to need to have a serious change.