LIVE | Future of EU competitiveness report unveiling by Mario Draghi, with Ursula von der Leyen
Former Italian prime minister and central banker Mario Draghi is set to produce a long-awaited report on EU competitiveness later on Monday, which he’s promised will offer “radical change”. Delayed from June, his findings will come at a key moment in the EU’s political cycle, setting the tone for the next political term just days before European Commission President Ursula von der Leyen hands her new clutch of lieutenants their duties. During his eight-year term as head of the European Central Bank, Draghi famously pledged to do “whatever it takes” to defend the euro currency from market turbulence – but now von der Leyen has tasked him with saving the whole economy. He’s already sown a few hints about what’s in his several hundred-page report, which is being produced with the aid of European Commission staff. He’ll certainly highlight the growing productivity gap with the US – whose economy is now 50% bigger than the EU’s, though the two were peers 15 years ago. In April, Draghi also spoke of the need to respond to massive subsidies paid by the US and China for strategic green tech, challenging the global trading order. Leaks from his briefing to EU ambassadors last week suggest he’ll also discuss reducing the bloc’s dependency on the outside world, climate change and social inclusion – and detail recommendations for ten key sectors, such as defence and energy. Learn more on: https://www.euronews.com/my-europe/2024/09/09/what-is-the-long-awaited-draghi-report-on-eu-competitiveness ⬇️ Always stay informed ⬇️ 👉 Follow all the news on 📲 https://euronews.com 👉 Subscribe ► https://www.youtube.com/@euronews 👉 Watch our LIVE here: https://www.youtube.com/c/euronews/live 🌎 Follow us: Facebook: https://www.facebook.com/euronews Twitter: https://twitter.com/euronews Instagram: https://www.instagram.com/euronews.tv/ 📌 Subscribe to our thematic channels: NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1 Euronews Green: http://bit.ly/2sMsaDB Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1 Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1 Download our new app to receive all the latest updates from Europe’s newsroom: https://apps.eur.ws/8HQ4 #europe #VonDerLeyne #Economy #competitiveness #Draghi
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