The third pillar of the European strategy for more competitiveness and more autonomy is based on investment and innovation. We have to invest much more. If there is a GDP per capita so different between the US and Europe, 65% to 70% of the explanation is due to the difference in terms of innovation. And the US was much more innovative because of public and private investment. So in our budget for the months to come, because we will negotiate during the years this … (17:01–17:13)
CLAIM
Asserts that the GDP per capita difference between the US and Europe is largely due to innovation differences.
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