How can EU compete with US, China and others? DW 11/09/2024
Briefly

Mario Draghi emphasized that Europe must invest up to 800 billion euros in research, infrastructure, and defense to enhance its competitiveness against the US and China.
The urgency has increased with the reelection of Trump, as he threatens tariffs on imports, highlighting the need for immediate and decisive EU action.
Draghi's proposals call for boosting investment from 22% to 27% of the EU's GDP, but this requires a significant shift from the current trend of reduced investments.
Draghi's presentation serves as a reminder of the past financial crises, leveraging his experience to assert the necessity of robust economic measures to fortify Europe.
Read at www.dw.com
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