Mario Draghi says the EU needs €800 billion to rival the U.S. and China
==========
Mario Draghi, former ECB President, calls for €800 billion ($884 billion) annual investment in the EU; emphasizes need for common bonds to enhance competitiveness against the U.S. and China; warns EU growth is slower than U.S.; suggests investment should increase by 5% of GDP; identifies energy dependency and lack of raw materials as key issues; proposes reforms in competition policy and telecom sector consolidation; highlights need for €500 billion for decarbonization and €100 billion annually for transport from 2031-2050; urges a unified EU response to existential challenges; warns of pushback from Germany and Netherlands on fiscal integration; report delivered on September 10, 2024.
#MarioDraghi #Eu #Investment #Competitiveness #CommonBonds #Decarbonization #Germany #Netherlands #Telecom #Defense
https://fortune.com/europe/2024/09/10/mario-draghi-economy-us-china/
Fortune /
npub1v7…9v0r4
2024-09-10 09:51:47
Author Public Key
npub1v7hvaa8pv7g92sr6na55dtzaxmrrsgddxkhst3e8atw4nxusm37sg9v0r4Published at
2024-09-10 09:51:47Event JSON
{
"id": "7d13b94292d5fdba53d31ebfa4f4153d8a14ac4cf1898f2d15b231ba1d205662",
"pubkey": "67aecef4e1679055407a9f6946ac5d36c63821ad35af05c727eadd599b90dc7d",
"created_at": 1725961907,
"kind": 1,
"tags": [],
"content": "Mario Draghi says the EU needs €800 billion to rival the U.S. and China\n==========\n\nMario Draghi, former ECB President, calls for €800 billion ($884 billion) annual investment in the EU; emphasizes need for common bonds to enhance competitiveness against the U.S. and China; warns EU growth is slower than U.S.; suggests investment should increase by 5% of GDP; identifies energy dependency and lack of raw materials as key issues; proposes reforms in competition policy and telecom sector consolidation; highlights need for €500 billion for decarbonization and €100 billion annually for transport from 2031-2050; urges a unified EU response to existential challenges; warns of pushback from Germany and Netherlands on fiscal integration; report delivered on September 10, 2024.\n\n#MarioDraghi #Eu #Investment #Competitiveness #CommonBonds #Decarbonization #Germany #Netherlands #Telecom #Defense\n\nhttps://fortune.com/europe/2024/09/10/mario-draghi-economy-us-china/",
"sig": "b62d248c4cd2f85bb5b0d5f02f1a0bc8081f096b02dc630bf9db2a8ae165d792179cb4b121a881b87544ca21ddaafdc758e68c0f556c8a7680914c9c0a783fdf"
}