"What we have to do is reinvent the idea of Europe"

This quote by Peter Mandelson suggests that Europe needs to be reimagined and reinvented in order to stay relevant and competitive in the contemporary world. It implies that the present idea of Europe is obsoleted and requires to be updated to show the changing times. This could imply a variety of things, such as a more unified technique to policy making, a more powerful concentrate on economic growth, or a more open attitude towards immigration. It could also indicate a more collaborative technique to worldwide relations, with Europe taking a more active function in worldwide affairs. Eventually, this quote suggests that Europe requires to be transformed in order to stay competitive and relevant in the 21st century.