META Business Executive: There Is a Great Sense of Frustration Because Europe Has Not Created a Single $100 Billion Business Last Year

LACQUA The U S ░░░░░░░░ going ahead in terms ░░░░░░░░ deregulation for AI Europe ░░░░░░░░ regulation And so some ░░░░░░░░ the products you won ░░░░░░░░ be able to roll ░░░░░░░░ in Europe MENDELSOHN Yeah ░░░░░░░░ s certainly the case ░░░░░░░░ we re seeing And ░░░░░░░░ being on the ground ░░░░░░░░ being able to talk ░░░░░░░░ European business leaders I ░░░░░░░░ sensing even a greater ░░░░░░░░ of frustration this year ░░░░░░░░ last year I mean ░░░░░░░░ saw the Draghi report ░░░░░░░░ the end of last ░░░░░░░░ talking about the real ░░░░░░░░ now between the U ░░░░░░░░ and the European economy ░░░░░░░░ terms of where things ░░░░░░░░ Europe hasn t created ░░░░░░░░ single 100 billion business ░░░░░░░░ the period whereas the ░░░░░░░░ S now has 6 ░░░░░░░░ businesses you know and ░░░░░░░░ is one of those ░░░░░░░░ the frustration they re ░░░░░░░░ me is the overcomplication ░░░░░░░░ regulation over 100 different ░░░░░░░░ 270 different regulators And ░░░░░░░░ this is meaning now ░░░░░░░░ this really playing a ░░░░░░░░ toll a real cost ░░░░░░░░ on businesses but also ░░░░░░░░ as well So yes ░░░░░░░░ think that s a ░░░░░░░░ here.”