|
Europe must boost investment. Its productivity and competitiveness depend on it - as do its future wealth and debt sustainability. Europe, like much of the rest of the world, still faces a bloated balance sheet. Its assets have ballooned faster than its productive output for more than two decades now. And as the world's wealth grew to an unprecedented $600tn this year, the eurozone's wealth also climbed to $135tn - 6.6 times its GDP, write Tiago Devesa, Jan Mischke, and Sylvain Johansson in Friends of Europe.
|
|
