Comment by Yizahi

EU needs to evolve to become closer to USA (imo). Not be a loose union with a central suggestion organ, but a real federation, with unified laws, army etc, provisions to punish sabotage and collaborators with enemies of such new federation and so on. Then internal monetary transfers would make sense, because Iceland and Greece would just be two internal regions. PS: of course it's ok if that never happens. But then EU can't expect to compete, due to not having good properties of truly decentralized collection of countries and neither of a true federation. Any startup will/is be hobbled by the mandatory EU law framework and structure, but won't benefit from the single law set or single language because those don't exist in EU.