With Donald Trump rewriting the rules of international trade, the European economy is doomed to be nothing more than a playground for its competitors, unless, of course, Europe supports a truly ambitious industrial policy.
The development of personal pensions at the national and cross-border levels is hindered by high compulsory payments to public pension funds, restrictions on the participation of the self-employed and the unemployed, rules governing access to retirement savings, taxation of retirement income and other national legal requirements.