Europe must shape up or will lose to US and China, say CEOs

Citing everything from over-regulation and clunky bureaucracies to the inability of the continent to leverage its market of about 450 million people, the executives said Europe risks being left behind in many of the industries of the future, and called on the region to present a unified front and pool resources to drive its competitiveness. "It makes no sense to build an Italian corvette ship, a French corvette ship, a Spanish corvette ship, a Swedish corvette ship, a German corvette ship and a UK corvette ...