For the first time since the Cold War, we must genuinely fear for our self-preservation," Mario Draghi emphasized, highlighting the gravity of Europe's current economic circumstances.
Draghi's report reveals that over a third of European unicorn startups founded after 2008 have left the EU, gravitating towards the more dynamic U.S. market.
Draghi points out Europe's innovation shortcomings, stating that over 70% of AI models built since 2017 come from the U.S. and only 15% from China.
If the EU does not act, we risk being vulnerable to coercion," Draghi warns, acknowledging the pressing need for Europe to adapt its trade strategies.
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