There are substantial margins for improvement in the services sector, especially if one compares Europe’s economy with that of the US. How can we achieve these improvements? Each country can look after itself and adopt specific measures, as long as they are compatible with the single market.
I cannot think of anything that symbolises this more eloquently than the plain simple fact that our currency - like its more famous cousin issued by your institution - also goes under the name of “Rupee”. But then a central banker would say that, wouldn’t he?