Only 0.5% of European startups scale. In America? 5 times as many. This issue isn't because Europe lacks talent, ideas, but it is caused by physical limitations, which we can overcome. America has a large market of 350 million consumers and potential investors. Europe? Our countries separately are 5, 20, 50 million people. Technically we have a single market, but the reality is that it is far from complete. Every country requires a different registration, different tax codes, different regulations on top of EU ones, and also sometimes different currencies. The result? American Companies scale in their large market first, and then with their existing scale they have an easier time to conquer the European market, instead of European companies that grew from their 5 million people country to 1 or 2 neighbours, reaching maybe 50 million people ot so, before then being outcompeted by the american companies which already had scale in their home market and thus had the resources to quickly scale across all of Europe's national bureaucracies. A similar story can be seen with investments, Europe is simply too fragmented, and an investor from Sweden simply deems it too difficult to invest in companies Slovenia, because of all different rules and systems. These points are backed by extensive research about EU's competitiveness, and also Draghi's report was set to be implemented. Yet, national bureaucracies are hesitant to simplify because it would end some duplicate bullshit jobs across their countries. So, does Europe choose National Bureaucracy, or European Simplification? We choose for European Simplification. Europe must become an innovation hub, able to scale worldwide competitive companies. We have the talent, we have the money, we just have to allow them to be free from national bureaucracy and let them build continental companies with ease.