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Europeans 'Less Hard-Working' Than Americans, Says Norway Oil Fund Boss
Europe is less hard-working, less ambitious, more regulated and more risk-averse than the US, according to the boss of Norway's giant oil fund, with the gap between the two continents only getting wider. FT: Nicolai Tangen, chief executive of the $1.6tn fund, told the Financial Times it was "worriso...
Europe is less hard-working, less ambitious, more regulated and more risk-averse than the US, according to the boss of Norway's giant oil fund, with the gap between the two continents only getting wider. FT: Nicolai Tangen, chief executive of the $1.6tn fund, told the Financial Times it was "worrisome" that American companies were outpacing their European rivals[ non paywalled link] on innovation and technology, leading to vast outperformance of US shares in the past decade. In Europe, you're dead," he said, adding that there was also a difference in "the general level of ambition.
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