Transforming European savings into investment, innovation, and growth – Christine Lagarde

Europe has abundant ideas, innovators, and savings. Europeans save a larger portion of their income than Americans and are competitive in global patent applications. However, Europe often struggles to convert these ideas into technologies that stimulate growth.

One challenge is the difficulty in channeling substantial savings into scaling innovations compared to the United States. Europe needs to refocus on identifying key bottlenecks in financing while prioritizing solutions with the greatest potential impact — three of which stand out today.

Source: https://www.economist.com/by-invitation/2024/12/04/how-to-turn-european-savings-into-investment-innovation-and-growth-by-christine-lagarde