When it comes to its digital future, Europe could suffer a double defeat

In conjunction with the outlining of the European Union’s strategy to create a single digital market, a lot has been written and said about the difficulties of the continent to establish strong technology companies that are able to compete with the big tech giants of the Silicon Valley.

This failure to produce a significant number of big digital players with international importance is causing wide-reaching fear that Europe’s chances for future growth and prosperity are decreasing. But the absence of forward-looking Internet juggernauts from Europe does not only raise questions about where the economies of the region are heading, but could also cause major damage to the core of the ecosystem where all this innovation is supposed to come from. Continue Reading