Europe is lagging behind the United States and Israel in the number of successful start-ups. Highly innovative start-ups that grow to become global companies the size of Google or Amazon within just a few years are not being founded here. Many of Europe’s countries and regions are experiencing...

The economic policy of the European Union influences the almost 23 million small and medium-sized companies in the 28 Member States in a variety of ways. Yet, there exists no coherent EU policy on small and medium-sized enterprises. With the Small Business Act of 2008, small and medium-sized...