Former Italian prime minister Mario Draghi speaks during a joint press conference with European Commission President Ursula Von der Leyen (not pictured) to present his final report on the future of EU competitiveness in Brussels, September 9. [Olivier Hoslet/EPA]
Mario Draghi’s report on the future of European Competitiveness serves as an EU Survival Guide, highlighting the need for radical solutions and unity among member-states to ensure the Union’s survival. The report emphasizes the EU’s strengths as an open economy with impressive social policies but warns of challenges like declining productivity and global competition.
To address these issues, Draghi proposes significant reforms including increased investments, integrated capital markets, and trade protections. He stresses the urgency of these measures in the face of geopolitical instability and demographic changes. Draghi’s report serves as a wake-up call, outlining the consequences of inaction and the necessity of taking these reforms seriously to secure the EU’s future.