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Former ECB Chief Says ‘Illusion’ of EU as a Global Power Dashed

Summary by Bloomberg
Mario Draghi said on Friday the events of 2025 have exposed a harsh truth: The European Union can no longer believe its big economy brings it global power and influence.

17 Articles

Lean Left

Many areas in which Europe is losing ground and where reforms are most urgent, but from the "Competitiveness Report" it emerges how the European dimension must be fully used in two directions: the first is that of the internal market, the other is that of the technological market. Thus Mario Draghi, during his intervention from the stage of the Meeting of Communion and Liberation, ongoing in Rimini. For the former number one ECB and former Presi…

·Rome, Italy
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Lean Right

Mario Draghi returned to the scene with the strength that characterizes him. Former Italian Prime Minister and former president of the European Central Bank chose the traditional meeting of Rimini to deliver a speech that will have meant a jar of cold water in some European chancelleries: the European Union, he affirmed, has become a “marginal” and “spectatorial” actor on the international board, unable to defend its own strategic interests. Rim…

·Spain
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Right

The former ECB president and former Italian prime minister appeared particularly critical of the EU's geopolitical influence - Indulgence towards the US on tariffs and defense spending - A watchdog for Gaza, Iran and Ukraine

Center

The former President of the Council at the Meeting of Communion and Liberation: Brussels resigned on duties, which is irrelevant to Ukraine and Gaza. The challenge now is to act decisively at all times and not only in the face of emergencies.

·Italy
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agenzianova.com broke the news in on Friday, August 22, 2025.
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