Europe Needs Fiscal Spending to Remain Competitive: Algebris CEO Serra

The video discusses the EU's economic situation, highlighting a significant drop in unemployment rates and the need for growth strategies. It covers the role of fiscal stimulus and the European Central Bank's policies in maintaining economic stability. The discussion also touches on the importance of technology investment for the EU to remain competitive globally, with Brexit adding pressure to these efforts.

What challenges does Europe face in terms of global competition as mentioned in the text?

What investment is Europe considering to catch up in technology, and why is it important?