Sami Mahroum argues that addressing the productivity gap with the US should start with how each economy creates wealth.
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Economics
Jul 1, 2026
Sami Mahroum
While Nobel laureate economists Paul Krugman and Philippe Aghion disagree over how to measure Europe’s productivity gap with the United States, both overlook the value of its accumulated assets. That blind spot obscures the real story: Europe is living off a remarkable inheritance it has yet to convert into new growth.
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Dalia Marin warns that, unless the continent restores its ability to innovate, its living standards will eventually decline.
