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Fortune

Peter Vanham, Joey Abrams

CEOs line up behind Mario Draghi's plan to improve Europe's competitiveness

Mario Draghi European Union Europe Christel Heydemann Euro

(Credit: Benjamin Girette—Bloomberg via Getty Images)

Good morning, Peter Vanham here in Geneva.

Former Goldman Sachs banker and European Central Bank President Mario Draghi’s report on how to improve European competitiveness, presented this week, garnered immediate support from some of Europe’s biggest figures. EU Commission President Ursula von der Leyen stood by Draghi’s side when he presented his findings. And yesterday, current ECB President Christine Lagarde said that Draghi’s plans could be “extremely helpful” as she lowered interest rates.

But perhaps even more notable was the backing of Europe’s Fortune 500 companies.

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