May 26, 2005
WHAT'S LEFT TO RUIN?:
Tech nightmare may ruin Europe (Reuters, May 26, 2005)
The European technology sector is under pressure from strict labour laws and a lack of start-up firms, and needs a major push if it wants to create another Nokia or SAP, executives said on Wednesday.Venture capitalists pump only one-fifth as much into start-up companies in Europe they do in the United States, and the founder and chief executive of unlisted, Luxembourg-based Skype said the reason for slow activity was tough conditions.
"We want our vacations and our social luxuries. This is not the best environment to start a company. It is much more difficult here than in the United States or China," said Niklas Zennstrom at the Reuters Telecoms, Media and Technology Summit.
Who do they think is going to pay for their luxuries? Posted by Orrin Judd at May 26, 2005 5:10 PM
Doesn't matter as long as the bills don't come due before I die.
Posted by: jeff at May 26, 2005 5:43 PM--Venture capitalists pump only one-fifth as much into start-up companies in Europe they do in the United States,---
You mean those eevvviiilll American/Jewish capitalists who are sucking Germany dry?
Their unions have money, get it from them.
Posted by: Sandy P. at May 26, 2005 6:05 PMThe EU/EC has money; get it from them.
Posted by: jim hamlen at May 26, 2005 10:21 PM