Mario Draghi highlights that Europe has missed out on the digital revolution and productivity gains, leading to a widening GDP gap with the US.
The EU's lack of success in translating innovative ideas into commercialization is a significant hurdle, with only four of the top 50 tech companies being European.
Draghi emphasizes that the issue isn't the absence of ambition or ideas in Europe, but rather the failure to translate innovation into commercial success.
Between 2008 and 2021, nearly 30% of Europe's unicorns moved abroad, reflecting a trend of European founders seeking funding and growth opportunities in the U.S.
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