Mario Draghi calls for €800 billion to ensure EU competes with US, China

Deutsche Welle

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Report calls for €800 billion EU investment boost to compete with China

In a report on EU competitiveness, former ECB chief Mario Draghi proposes "radical change" to counter aggressive competition from China and the US. He touts the use of joint EU borrowing and other controversial measures.

South China Morning Post

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Mario Draghi calls for €800 billion to ensure EU competes with US, China

‘We can’t be softer or harder across the board’ on China, Draghi says, as he calls for ‘tactical’ EU trade policy in long-awaited report.

Eldiario.es

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The former president of the ECB calls on the 27 to act as a “community” and not go it alone in industrial policy to strengthen the continent's competitiveness in the face of fierce competition from other powers.The competitiveness report for the EU calls for more social protection to avoid inequality The diagnosis is clear: the EU is lagging behind the United States and China. From there, the recipes for overcoming this situation are multiple, v…

La Stampa

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Draghi: “We need more than double the investments of the Marshall plan. If Europe fails to become more productive, we will have to scale back our ambitions.”

СЕГА

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The European Union needs a much more coordinated economic policy, faster decision-making and serious investments if it wants to maintain an economic pace close to that of its main competitors - the United States and China, the former Italian Prime Minister and ex-president of the European Union said today. central bank (ECB) Mario Draghi in a long-awaited report on the competitiveness of the European economy, BTA reported. Draghi was tasked by t…

Invezz

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Draghi calls for €800 billion in annual EU investments to remain competitive

Mario Draghi, former ECB president and ex-Italian prime minister, has urged the EU to increase annual investments by €800 billion to keep pace with global economic leaders like the US and China. In a highly anticipated report commissioned by European Commission President Ursula von der Leyen, Draghi called for a radical overhaul of the EU’s industrial strategy. “The reasons for a unified response have never been so compelling — and in our unity,…