The euro zone’s structural disadvantages

The euro zone suffers from a number of structural disadvantages: Lack of raw material resources; Low level of education and skills; Low level of investment in new technologies and spending on innovation and R&D. Given these multiple structural disadvantages, it is difficult to reindustrialise and move the economy up the value chain. But the euro zone has abundant savings, some of which are currently being lent to the rest of the world. The only effective strategy is to use this savings surplus to accelerate the energy transition in the euro zone, improve the efficiency of the education system and increase spending on new technologies. As long as the euro zone continues to have a very large external surplus, its problem of a lack of competitive advantages will not be corrected.