Europe's economic environment has altered considerably over the last thirty years, and the economies of European countries have progressively opened up to the global economy. As a result, the competitiveness of the European economies is dependent not just on production costs, but also on the performance of pension and social security systems guaranteeing security for the future.
The European economies are more competitive than they were 30 years ago.
( z1 have-degree :ARG1 ( z2 economy :mod ( z3 continent :name ( z4 name :op "Europe" ) ) ) :ARG2 ( z5 compete :ARG0 z2 ) :ARG3 ( z6 more ) :ARG4 ( z7 economy :time ( z8 before :op ( z9 now ) :quant ( z10 temporal-quantity :quant 30 :unit ( z11 year ) ) ) ) )