|EUROPEAN GOVERNMENTS MUST ADOPT AN OPEN DIGITAL MARKET|
Aruba, November 10, 2016 - European governments must adopt an open digital market: Barroso
José Manuel Barroso, the former President of the European Commission, urged European governments to embrace open digital markets to allow entrepreneurs the capacity to innovate and grow.
Barroso, now non-executive chairman of Goldman Sachs, bemoaned the fact that Europe has "28 mini-markets" instead of an open market system like the U.S.
He went on to say, "European governments should try and support the plans that the European Commission has put forward to have a fully integrated digital market.
"All of these digital revolutions will impact all sectors of our lives. From health conditions, to work and everything else, so we need new policies to increase the flexibility and mobility in our societies," Barroso added.
Growth will be exponential
Barroso also explained that the digital industry would most likely succeed regardless of government action, or indeed inaction, as it is driven by technology. Further to this, he argued that we are now starting to see clusters of innovation throughout Europe and the growth will be exponential.
He added that there was no doubt the result of the U.K. referendum in June further complicates the industry's outlook.