[gtpasqual]

>Talent is still localised. The European mobility is still low and employment laws are still strict on non-EU citizens

This may be an acceptable argument for America, but makes no sense for Europe.

I've seen great migration from high-unemployment EU places( Spain, Portugal and Italy) to UK, Germany and Switzerland.

Finding talent in EU is much easier (and cheaper) than in the U.S.

[tianlins]

I guess the point is flow of talent from outside Europe. For example, there are significantly more good engineers from Indian, Europe and East Asia moving to Silicon Valley.