Mario Draghi emphasized that the European Union needs to invest significantly, approximately $857 billion, in key sectors like research, infrastructure, and defense to maintain competitiveness.
Draghi cautioned that time is running out for the EU to take decisive action, especially following the re-election of Donald Trump, which increases the sense of urgency.
He advocates for an investment boost from 22% to 27% of the EU's GDP, indicating that reversing current investment reduction trends is crucial for future growth.
Reflecting on past crises, Draghi’s experience during the European sovereign debt crisis stressed the need for a proactive and unifying economic strategy within the EU.
Collection
[
|
...
]