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<p>The former President of the European Central Bank, Mario Draghi, has just delivered a crucial report on the future of the European Union’s economy. This document, eagerly awaited by observers, presents a grim assessment and proposes bold solutions to reinvigorate the competitiveness of the Old Continent.</p>
<h2 id="h-draghi-report-a-wake-up-call-to-revitalize-the-european-economy">Draghi Report: A Wake-Up Call to Revitalize the European Economy</h2>
<p>The Draghi report paints a worrying picture of the <a href="https://www.cointribune.com/en/crypto-lunion-europeenne-lance-une-seconde-consultation-pour-la-reglementation-mica-2/" target="_blank" rel="noopener noreferrer nofollow">economic decline of the EU</a>. The figures are unequivocal: over two decades, the EU’s GDP has fallen by 15% compared to that of the United States. European productivity is stagnating, while its global market shares are inexorably eroding.</p>
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<p>Even more troubling, Europe is significantly lagging behind in advanced technologies. Of the world’s 50 largest high-tech companies, only four are European. The <a href="https://www.iris-france.org/188732-le-rapport-draghi-sur-lavenir-de-la-competitivite-ou-comment-conjurer-la-lente-agonie-de-lunion-europeenne/" target="_blank" rel="noopener noreferrer nofollow">finding</a> is unequivocal: the Old Continent missed the boat on the latest industrial revolution.</p>
<p>Other structural weaknesses are highlighted:</p>
<ul>
 <li>Prohibitively high energy costs, up to four times those of the United States</li>
 <li>Critical dependence on foreign sources for certain strategic resources</li>
 <li>An overly fragmented single market, hindering the emergence of European giants</li>
 <li>Deficient economic governance, incapable of defining a coherent strategy</li>
</ul>
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<h2 id="h-an-ambitious-action-plan-to-right-the-ship">An Ambitious Action Plan to Right the Ship</h2>
<p>In the face of this alarming assessment, Mario Draghi proposes <a href="https://www.cointribune.com/en/economy-the-eu-strikes-back-against-the-chinese-investigation-into-dairy-products/" target="_blank" rel="noopener noreferrer nofollow">a bold roadmap</a>. The goal: to massively increase the EU’s annual investment rate, raising it from 22% to 27% of GDP. This represents a colossal effort of 800 billion euros per year.</p>
<p>To achieve this, the report recommends three main levers:</p>
<ol>
 <li>An increase in public investment spending by member states</li>
 <li>The mobilization of European savings towards common innovative projects</li>
 <li>The creation of a new community financing facility, modeled on the post-Covid recovery plan</li>
</ol>
<p>Draghi also emphasizes the need to simplify European economic governance and create a “<em>Competitiveness Coordination Framework</em>” to effectively steer this strategy.</p>
<p>While the diagnosis and proposals of the Draghi report enjoy broad consensus, their implementation remains uncertain. The <a href="https://www.cointribune.com/en/economy-the-eu-wants-to-use-frozen-russian-funds-to-support-ukraine/" target="_blank" rel="noopener noreferrer nofollow">divisions between member states persist</a>, notably on the issue of a common debt.</p>

Economy: What To Concretely Remember From The Draghi Report?

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