US EditionMario Draghi calls for €800 billion to ensure EU competes with US, China
14 Articles
14 Articles
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.
Mario Draghi, former Italian Prime Minister and former president of the ECB, is clear about Europe's defense against Chinese trade: “massive investment of 5 points of GDP per year is needed”. In other words, we must invest in around 800 billion annually, which represents a public injection equivalent to more than twice the famous Marshall Plan that served to rebuild the European economy after World War II. Draghi says in his report, commissioned…
If there is any authorized voice to speak about the European Union, it is that of Mario Draghi. This Monday, his long-awaited report on the competitiveness of the block and its great challenges for the future was released, and, spoiler: there are many things to do. The Draghi report is a warning to sailors. The new “whatever is necessary” of the former president of the European Central Bank includes the most important message of all, even if it …
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…
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.”
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
