Europe’s eroding wealth of knowledge

Commentary feature by the director of Bruegel, the Brussels-based economic think-tank. he concludes: The upshot is that the focus on knowledge (in Europe) is right but that the sense of urgency is lacking. Europe's prosperity will not last if it does not address its underinvestment in human capital. With roughly as much public money and much less private money going to education than in the US, and significantly fewer outstanding educational institutions, it can expect a slow but inexorable erosion of the basis of its prosperity. It needs to start reversing the trend without delay.