Send
Print
European Parliament
Additional suggestions outlined in the report authored by the former Prime Minister of Italy and former President of the European Central Bank involve easing antitrust regulations to strengthen certain industries such as telecommunications, centralizing supervision to enhance integration among capital markets, utilizing joint procurement more in the defense industry, and implementing a new trade strategy to boost the EU's economic autonomy.
Draghi wrote that the scale of the union countries now seems smaller compared to the challenges, making a united response more necessary than ever. "By coming together, we will have the strength to reform," he added.
If not, Europe will experience a "prolonged suffering," he told journalists.
Draghi stated that Europe will continue to lag behind the U.S. and China without additional investments. According to him, the amount of these investments is around 750-800 billion euros, which represents 4.4-4.7% of the EU's GDP.
source: ec.europa.eu
Draghi wrote that the scale of the union countries now seems smaller compared to the challenges, making a united response more necessary than ever. "By coming together, we will have the strength to reform," he added.
If not, Europe will experience a "prolonged suffering," he told journalists.
Draghi stated that Europe will continue to lag behind the U.S. and China without additional investments. According to him, the amount of these investments is around 750-800 billion euros, which represents 4.4-4.7% of the EU's GDP.
source: ec.europa.eu
