Another lost decade looms for EuropeEurope’s model is worth defending, and its problems are fixable, but time is running outBy Lionel Laurent / Bloomberg OpinionIn the summer of 2020, European leaders convened marathon talks over how to rescue a continent battered by the COVID-19 pandemic and a lost decade of economic stagnation. The risk of another lost decade is high if the EU spends the next few years bickering internally instead of lifting barriers to investment, innovation and regional security. Former Italian prime minister Mario Draghi, credited with saving the euro a decade ago as Greece teetered, is set to publish a report on improving EU competitiveness. The next time crisis leads to a four-day negotiating summit in Brussels, the outcome could be more stumble than leap. With assistance from Elaine HeLionel Laurent is a Bloomberg Opinion columnist writing about the future of money and the future of Europe.
