Original link: Ericsson and Nokia put the screws on EU's new commissioners / Telecoms.
A few quotes:
... Ericsson and Nokia cite a McKinsey report that claims US companies invest 60% more in R&D ... If other regions continue to race ahead this model cannot survive," said Ericsson CEO Ekholm. "Those regions are embracing opportunity through investment, policy, and regulatory support. Europe is not. ... Nokia CEO Lundmark said: "European competitiveness already has one foot in the morgue. Our real GDP is 30 percent less than the US's, the EU's share of the Fortune Global 500 is still falling and our digital future looks less certain than ever. ...