Europe Still Isn't Working

A new report claims that failure to reform Europes economies is costing 1 Trillion Euros per year.

MOUNTING levels of red tape are costing the econ-omies of the European Union more than E1 trillion a year in lost output, a devastating report from the European Commission has conceded. The huge and growing burden is revealed in the European Competitiveness Report 2004, published as a European staff working document.

What was that about Lisbon agenda?