Letta warns EU single-market gaps drive scale-up exodus to US, China

Former Italian PM Enrico Letta argues Europe's incomplete single market, especially in health, leaves scale-ups too small to withstand a 'China 2.0 shock', pushing them to relocate to the US or China. The claim is an opinion-based policy warning, not a new event, but signals growing elite consensus on EU competitiveness. It matters as it could shape EU regulatory and market-integration debates.