But the EU budget is much, much smaller than the US federal budget:
EU: $150 billion for 2014
US: $3000 billion for 2014
And the barriers between national markets in the EU are much steeper than the ones between state markets in the US.
- Vaguely defined, so they open a lot of room for lobbying and corruption
- It is hard to align them to a startup agenda and the administrative overhead is often prohibitive
I wish it was more like a venture fund, but one that doesn't take equity.
Just my two cents.
But the EU budget is much, much smaller than the US federal budget:
EU: $150 billion for 2014
US: $3000 billion for 2014
And the barriers between national markets in the EU are much steeper than the ones between state markets in the US.