Mario Draghi emphasized that the European Union must enact urgent reforms in the innovation lifecycle, decarbonization, and security to maintain its global position.
Recent EY research highlighted a concerning trend: foreign direct investment in Europe dropped by 4% in 2023, marking an 11% decline from pre-pandemic levels.
Policymakers alone cannot drive the necessary transformative change; businesses must also take an active role in shaping Europe's future through innovation and investment.
The EU is set to confront a complicated geopolitical environment, necessitating a focus on building close trading partnerships and reducing external dependencies.
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