- In today’s CEO Daily: Unpacking the areas where Europe still has an edge.
- The big leadership story: Are we on the cusp of a productivity boom?
- The markets: Mostly down as investors await news of an Iran peace deal.
- Plus: All the news and watercooler chat from Fortune .
Good morning. I’m in Monaco this week, speaking with leaders from 46 countries competing in EY’s World Entrepreneur of the Year competition, which takes place tonight. Being here is a reminder that U.S. leaders may be too quick to write off Europe as a place to invest, hire or expand. For all the complaints about regulatory costs, labor laws, risk-taking, energy costs and other challenges, there are merits to creating companies here. A new EY study found 60% of businesses surveyed expect Europe’s attractiveness to increase over the next three years. Here are some perspectives from successful CEOs there who help explain why.