EU, Draghi report to commissioners: “We have lost dynamism and centrality, we need a plan to regain competitiveness”

After meeting with entrepreneurs in Italy and Europe, for Mario Draghi it was the European Commissioner’s turn. To whom, according to what we learned from associates of the former prime minister, he proposed a brief overview of the dynamics that determined the current scenarios and prospects of European competitiveness.

Faced with the progressive weakening of the European economy, there is a need to define a broad and detailed plan that clearly identifies priorities, lines of action and policies to be implemented in various sectors, Draghi explained, stressing that this is not the case with his report. it can only be based on accurate data analysis, the result of an exercise that is as open as possible.

The ex-governor’s intervention was framed by Commission President Ursula von der Leyen herself (who tasked him with drafting the report on EU competitiveness), who wrote in X: “Dear Mario Draghi, thank you for the excellent exchange of views you had today with the Commission on competitiveness”.

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edited by the Ekonomika editorial office

In a short introduction that Draghi gave at a seminar of commissioners organized south of Brussels, he noted how since 2016 we have witnessed a number of new and relevant facts for Europe in various fields, since the election of Donald Trump, the strong appearance of the green transition on the agenda of governments and organizations until the arrival artificial intelligence, much faster than expected. In this context, Draghi noted, the European economy has seen a progressive weakening, loss of dynamism and the ceding of centrality in supply chains to other countries such as the United States and China. The war in Ukraine, added the former prime minister, only confirmed the fragility of the old continent, not only from an economic point of view, but also from the point of view of the geopolitical model.

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It follows – this is basically Draghi’s reasoning – the need to define a broad and detailed plan that clearly sets priorities, lines of action and policies to be implemented in various sectors. He explained that identifying these pathways and redesigning the approach he holds dear can only be based on accurate data analysis. That is why the European Competitiveness Report will be as open an exercise as possible: open to listening to all relevant stakeholders, open to input from all those interested in its preparation, open to the search for insightful and ambitious solutions.

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