Reforms and investments are Europe’s priorities. Word of Mario Draghi. “They asked me at the end of Ecofin what the order of reforms needed for the EU is. I don’t know what the order is, but please, it’s time to do something. You decide what, but please do something: you can’t spend all your time saying no.” This was the lash from the former governor of the ECB and Prime Minister of Italy, speaking to the presidents of the European Chamber commissions meeting on the competitiveness dossier. .
The former prime minister was tasked with compiling a report on the topic of competitiveness by the commission led by von der Leyen.
EU, Draghi’s lesson by Giorgio Barba Navaretti 26 February 2024
Today’s exchange, reports theAnsahas shown how global and complex the road ahead is to recover our competitiveness, particularly in terms of mobilizing the massive investment needs. Draghi underlined the need to be competitive to maintain our welfare systems and preserve our fundamental values. The former prime minister asked to regain the ability to act collectively and for the collective interest.
“I am convinced that our institutions must reflect on how to improve their functioning and further develop governance tools. To this end, it will be essential to build the political consensus necessary to reach an agreement on crucial issues”, Draghi said again, speaking to the presidents of the committees in the European Parliament. “These issues will involve difficult discussions that will require our institutions and national governments to make difficult choices. These are decisions that will determine Europe’s ability to keep pace with its global competitors in the years to come,” she added.