Werner Hoyer, president of the European Investment Bank, says Europe is lagging, both in terms of investment and in terms of research, development and innovation. DW’s Ben Fajzullin spoke with him in Davos.
A detailed study of competitiveness in the global economy ranks the US top of the 140 countries included. The report suggests that few governments have begun to plan for the impact of the fourth industrial revolution.
The European Investment Bank and the European Investment Fund have said an unprecedented amount of money has gone into supporting small and medium-sized companies across the EU in the past 12 months.
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