[Tarsul]

I've read most of the report and the following passages stand out: "[securitisation] could also act as a substitute for lack of capital market integration by allowing banks to package loans originating in different Member States into standardised and tradeable assets that can be purchased also by non-bank investors."

sounds a lot like what went wrong in 2008 with credit default swaps but hey, the devil would be in the details.

For hacker news most relevant would be the part at the end: "The EU should also enable the use of AI-powered software and machine-processed data to lower compliance and administrative costs for SMEs. Measures should include requiring harmonised reporting templates, de minimis reporting thresholds, and centralised reporting requirements using one multilingual interface."

Yes, lets be honest here: bureaucracy and bad IT systems are responsible for a lot of bullshit jobs. Improving this would be nice.

What I also found interesting was the part that said that because in Europe pensions are not invested [a lot] in the stock market, this means that European companies have less money to put into Research and Development compared to US and UK. And that's one of the reasons why the report says the EU needs 800 billion per year to stay competetive (4,7% of GDP! Marshall plan was 2%! Not my numbers, those are also in the report).