European companies can't compete against global giants

Finance ministers say Europe is increasingly dependent on Chinese and US technology

It boasts the world’s second biggest economy, a huge consumer market of about 500 million people and prodigious pools of talent and capital, not to mention two of the world’s most important financial centres.

But Europe is struggling to match its great rivals, the US and China, in creating the kind of global firms that increasingly dominate the 21st-century marketplace.

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from World news | The Guardian