Europe has continuously lagged the US in terms of startups and capital investment in new companies. Much of that is down to the perception of red tape that exists when operating across the 27 member states. There is a new proposal which aims to get over this by creating an EU wide recognised legal entity called an EU Inc.

Joe was joined on the show by serial investor Andreas Klinger who led this proposal and began by asking him whether it was indeed messy to start a business in the EU these days.