Commentary
Europe is a wonderfully diverse continent, with 44 countries, each with its own rich (and long) history and unique constellation of policies. Despite this, there are no trillion-dollar companies in all of Europe. Of the 11 companies worldwide to reach this level, nine are in the United States, with the other two being in Taiwan and Saudi Arabia. If we look at the top 11 companies in Europe, their combined market capitalization amounts to just $2.2 trillion, which is $1 trillion less than the market capitalization of Apple alone.