Europe's Real Concern: Boosting Productivity Over Tariffs

Swedish Finance Minister Elisabeth Svantesson highlights Europe's main worry as low productivity, not potential tariffs from the US. Speaking at the Reuters NEXT conference, she emphasizes that Europe's future is not dependent on US policies but on its own efforts to improve productivity.

Europe's principal worry is not potential tariffs from the incoming United States administration, but rather low productivity levels, as stated by Swedish Finance Minister Elisabeth Svantesson on Tuesday.

"The destiny of Europe is not in the new administration's hands. We need to step up," Svantesson remarked during a panel discussion at the Reuters NEXT conference in New York.

To watch the live broadcast of the World Stage, visit the Reuters LIVE page.

(With inputs from agencies.)