Europe must massively ramp up investment including through joint borrowing as part of a "new industrial strategy" to keep pace with the United States and avoid dependence on China, a keenly awaited report warned Monday.
EU chief Ursula von der Leyen last year asked Mario Draghi, a former Italian premier and European Central Bank chief, to report back on how the 27-country bloc can increase competitivity amid rising global insecurity and economic challenges.
