Draghi’s Blueprint for Europe: Integration or Stagnation – A Call for Unified Action on Competitiveness and Innovation

Draghi: "Europe Faces a Choice: Disintegration and Paralysis or Closer Integration"

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On Tuesday, Mario Draghi outlined his strategy to enhance Europe's competitiveness by fostering closer cooperation in key sectors and making significant investments in shared objectives.

Mario Draghi, früherer Präsident der Europäischen Zentralbank und Premierminister Italiens, hat im Auftrag von EU-Kommissionspräsidentin Ursula von der Leyen Vorschläge zur Steigerung der Wettbewerbsfähigkeit Europas präsentiert. In seiner Ansprache vor dem Plenum betonte er, dass die EU sich auf drei zentrale Bereiche konzentrieren müsse: die Innovationslücke zu den USA und China schließen, eine gemeinsame Strategie entwickeln, um das Ziel der Dekarbonisierung mit gesteigerter Wettbewerbsfähigkeit zu vereinen, und die Sicherheit Europas stärken sowie die Abhängigkeit von ausländischen Wirtschaftsmächten reduzieren.

According to Draghi, preserving the European way of life depends on enhancing competitiveness. To achieve this, he emphasizes the necessity for closer collaboration and integration among European countries.

A suitable plan for enhancing competitiveness would need an annual funding of 750 to 800 billion euros for projects that have already been agreed upon by the EU. Some of this funding could come from private sources, but a significant portion would need to be secured through public investments. This could include the issuance of new joint debt instruments specifically aimed at financing crucial shared projects, according to Draghi.

Following Mario Draghi's speech, numerous lawmakers echoed his sentiment that the EU's economy is in dire need of a strategic shift. They advocated for a stronger focus on competition and innovation within key industries, coupled with increased public and private investments aimed at social, green, and digital transformations. Some representatives called for greater sovereignty and more liberalized markets, arguing that the fight against climate change is hindering economic progress. Meanwhile, others highlighted that economic growth can be achieved through clean, innovative technologies and social investments designed to help citizens upgrade their skills.

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Dorota Kolinska

John Schranz

Armin Wisdorff

Thilo Kunzemann

Maren Häussermann

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