The writer is a member of the executive board of the European Central Bank
Europe is often portrayed as a continent in decline, squeezed between geopolitical rivals, held back by excessive regulation and struggling to keep pace with rapid technological change. But although this narrative is appealing in its simplicity, it is misleading.
By many measures, Europe is among the regions with the highest quality of life. Strong social protection, accessible healthcare and affordable education enable people to live secure, fulfilling and prosperous lives.
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