Without reforms, the EU could face mass unemployment.
ABB CEO Morten Wirod warns in an interview with the Financial Times.
High energy prices weaken Europe's competitiveness compared to the US.
Deregulation could help, but officials seem reluctant.

Without reforms, the EU could face mass unemployment.
ABB CEO Morten Wirod warns in an interview with the Financial Times.
High energy prices weaken Europe's competitiveness compared to the US.
Deregulation could help, but officials seem reluctant.