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Stripe, Wise founders want a 'tech renaissance' in Europe to help region rival Silicon Valley

CNBC
Summary
Nutrition label

85% Informative

The founders of Stripe and Wise are among the signatories to an open letter calling for the creation of " EU Inc ," a single pan-European entity that would promote startups and innovation in the EU .

It comes after former European Central Bank President Mario Draghi called for 800 billion euros of additional investment per year to make the EU more competitive on the world stage.

Europe has long lagged behind the U.S. and China when it comes to generating global tech giants.

VR Score

92

Informative language

95

Neutral language

54

Article tone

formal

Language

English

Language complexity

65

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

1

Source diversity

1

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