US EditionMario Draghi Warns Europe Is Falling Further Behind US, China Due to Government Complacency
31 Articles
31 Articles
Mario Draghi warns Europe is falling further behind US, China due to government complacency
One year after releasing a far-reaching report on European competitiveness, former ECB chief Mario Draghi warned the EU was falling further behind its peers and sharply criticised member states for their slow response and complacency. With Donald Trump's tariffs biting and trade deficit with China widening, Draghi says that every challenge he had pointed out in his report has worsened, with no clear path to financing necessary investments.
EU economy is falling behind rivals on growth, Draghi says
The European Union is falling further behind global rivals on growth and governments are failing to grasp the urgency to act, former European Central Bank president and Italian prime minister Mario Draghi said on Tuesday. Draghi, who delivered a far-reaching report on EU competitiveness at the European Commission’s request 12 months ago, said the EU’s growth model was “fading fast”, vulnerabilities were mounting and there was no clear path to fi…
A year ago, the former head of the central bank of the EU held the mirror and called for fundamental economic reforms. Since then, far too little has happened, he finds – and admonishes in a dramatic appeal to haste.
The European Union is acting too slowly in the area of strengthening the competitiveness of the European economy compared to global competitors, its author Mario Draghi stressed on the first anniversary of the publication of the EU Competitiveness Report.
Mario Draghi warns of Europe's economic challenges and sees weaknesses and insufficient investment in the growth model. In contrast, Ursula von der Leyen emphasizes progress in economic policy.
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