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EU productivityInsider
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82% Informative
European Union leader Mario Draghi says Europe must focus on closing the innovation gap with the US and China .
Europe has failed to profit from the internet revolution at the same scale as China and the US .
Europe is "stuck in a static industrial structure," says Draghi, who saw Europe through its sovereign debt crisis.
Tesla CEO Elon Musk says EU regulations should be streamlined to make things legal and legal.
Musk says the EU is trying to close the innovation gap in Europe .
The Tesla chief says a thorough review of EU regulations would revitalize growth and strengthen competitiveness.
How successful the EU will be in pulling off these changes is highly uncertain, but it's clear the bloc is ready to do whatever it takes.
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