1/3
While the rest of the world tries to gain international competitiveness by boosting spending on industrial infrastructure, the EU, led by Germany, seems determined not to allow itself to do the same.

ft.com/content/90b0a2… via @ft

2/2
It seems to me that this leaves the EU with two options. It can accept a further reduction in its global share of manufacturing, or it can impose much stronger protectionist measures.