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08.12.25 - 11:24
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Europe′s Innovation Is Drowned In A Sea Of Government Intervention (ZeroHedge)
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Europe's Innovation Is Drowned In A Sea Of Government Intervention
Authored by Mihai Macovei via The Mises Institute,
Europe became prosperous through a burst of innovation and capital accumulation during the eighteenth-century industrial revolution that allowed individual freedom to replace feudalistic rents and privileges.
A new industrial revolution based on digitalization, advanced artificial intelligence (AI) and automation is in the making, but the reputed analyst Wolfgang Münchau claims that Europe is about to miss it.
In his view, Europe has forgotten how to innovate, because it may still have the aptitude, but it has lost the right attitude to foster creative destruction.
Münchau and other analysts put down this failure on European government's inability to pick winners like China or capitalize on military investment like the US, in order to promote cutting-edge technologies and research.
In our view this is wrong - Europe does not need more and better targeted government interv...
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08.12.25 - 09:42
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ECB′s Schabel ′Comfortable′ With Rate Hike Bets (Bloomberg)
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Pictet fixed-income strategist Laureline Renaud-Chatelain discusses the euro-area economy, inflation and monetary policy after European Central Bank Executive Board member Isabel Schnabel said she's comfortable with investor bets that the ECB's next interest-rate move will be an increase. Renaud-Chatelain speaks on Bloomberg Television....
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08.12.25 - 08:57
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EZB/Schnabel sieht Aufwärtsrisiken für Inflation (Dow Jones)
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Von Hans Bentzien DOW JONES--EZB-Direktorin Isabel Schnabel sieht weiterhin ein überwiegendes Risiko, dass die Inflation im Euroraum höher als von den Ökonomen der Europäischen Zentralbank (EZB) erwartet ausfallen könnte. In einem Interview mit der ......
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08.12.25 - 08:48
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China Exports Rebound On EU Demand (AFX)
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BEIJING (dpa-AFX) - China's exports rebounded in November on strong demand from the EU and the trade surplus hit the $1 trillion mark in the year to November despite falling demand from the US, of......
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