What is an efficient state?

We believe that an efficient state has four characteristics: It provides efficient public spending across all its roles. The public money spent (on healthcare, education, etc.) must finance quality public services; It allocates public spending efficiently between the various public spending items. The marginal efficiency of public money should be equal across the various spending items. This may raise difficult questions: for example, what is the status of public pension spending? The productivity of the state must be sufficiently high. It can be measured for example by the quantity of public money managed per public sector employee; The state should provide companies with the right incentives and encourage virtuous behaviour for example in the areas of the climate and employment. Among the four largest euro-zone countries, only Germany has an efficient state according to these criteria .