EU spending on R&D slips further behind US
Europe is drifting further behind the United States in R&D funding, according to a new study, which shows that the EU may never close the research gap with the US if it fails to boost investment in the services sector. The study, conducted by European Investment Bank economist Kristian Uppenberg and published yesterday (February 9) by the Centre for European Policy Studies (CEPS), shows that the EU is likely to fall short of achieving the Lisbon Strategy goal of investing 3% of GDP on research by 2010.
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