Scott Besant

They have low growth.

And our message to them has been, come grow with us, be part of our innovation economy.

Because, Steve, imagine this, that Europe has no cloud of its own.

It's the US and China.

How is it that 400 million people haven't been able to develop that?

And it's just this over-regulation.

And in my words, Mario Draghi, the former Prime Minister of Italy, former head of the ECB, issued a gigantic report called the Draghi Competitiveness Report.

And he said that he believes that goods intra-Europe are tariffed

At about 50%, services are tariffed at 100%.

So it is just this regulatory morass that Europe, they like to export regulations.

I've had many of our great US tech executives, some I know you take shots at, rightly, tell me that it's easier to do business in China than in the EU.

Look, the prime minister is fantastic.

She's very popular.

She's called this snap election to give her a longer mandate.

But I think that they failed to recognize Abenomics was a reflationary program, brought Japan out of

20 years of a malaise, a deflationary malaise.

But that program has been running for 14 years.

So what Japan doesn't need is more stimulus.

What they do need is to let the BOJ do their job.

So I'm confident that she, the economic team, will do whatever it takes to stabilize the message.