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The Latest Breaking News from Mario Draghi

EU leaders vow to make bloc more competitive in face of Trump threat

Budapest meeting finds consensus on need to raise growth and productivity as ‘America first’ protectionism looms

The Guardian - UK

After Trump Win, EU Leaders Tackle 'Urgent' Reform Agenda

Reforming Europe's economy is all the more urgent following Donald Trump's US election win, warned the author of a blockbuster report, Mario Draghi, ahead of talks Friday with EU leaders in Budapest on tackling the challenge.

International Business Times

Facing Trump's Return, EU Confronts Economic Challenges

Confronted with the return of Donald Trump, EU leaders on Friday are set to commit to deeply reform Europe's economy and tackle challenges highlighted by a blockbuster report.

International Business Times

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Facing Trump's return, EU confronts economic challenges

Confronted with the return of Donald Trump, EU leaders on Friday are set to commit to deeply reform Europe's economy and tackle challenges highlighted by a blockbuster report.

Radio France Internationale

Europe is holding its breath to see what a Trump or Harris win might mean for the region

Experts predict that a Trump or Harris presidency could have different outcomes for Europe's economy, competitiveness, and geopolitics.

Fortune

China Should Use Fiscal Policy To Boost Growth: IMF

The Chinese government should use its tax-and-spend policies to help boost flagging economic growth, a senior IMF official told AFP ahead of key meetings this week in Washington.

International Business Times

How Europe’s tech-shy Fortune 500 is embracing AI

The Fortune 500 Europe has a feeble share of tech companies. But its industrial giants are increasingly turning to generative AI.

Fortune

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Why is Germany shooting its own stagnating economy in the foot?

A proposed Italian-German bank merger makes sense for Europe, but Berlin is opting for domestic protectionism, says economics commentator Simon Nixon

The Guardian - UK

EU’s weak or distracted governments make unity of purpose hard to achieve

Leaders can only spend limited political capital on Euro initiatives while weighed down by domestic troubles

The Guardian - UK

‘The UK is at the back of the race of turtles’: Sanofi’s boss on the need to develop new medicines

Paul Hudson, the Briton in charge of the French drug firm, is a big believer in the potential of AI to transform healthcare

The Guardian - UK

Can Europe get its industrial groove back?

Can European industry regain its competitive edge on the global stage? A new EU report penned by former ECB chief Mario Draghi highlights a growing gap in both productivity and innovation, and warns that businesses will face an "existential challenge" without drastic change and significant investment. Tim Figures, a partner…

France 24

The Middle East is on the brink of all-out war – so why is the EU still navel-gazing?

A decade ago, Europe helped broker the Iran nuclear deal. Now, it seems at a total loss, absent from efforts to stop the unfolding crisis

The Guardian - UK

Von der Leyen tightens grip on power in EU – but trouble looms on the horizon

Despite cementing control, the EU commission’s president faces a daunting second term amid the rise of the far right, writes Jennifer Rankin

The Guardian - UK

Mark Zuckerberg says Europe needs more consistent AI regulation—and even his privacy nemesis agrees

Max Schrems, who is responsible for Meta AI not coming to Europe anytime soon, says the Meta CEO has a point.

Fortune

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The Conversation

The EU’s latest proposal to save its economy aims to avoid a ‘slow agony’ – but it lacks bold ideas

In Brussels, the talk of the town is a report on the future of European competitiveness, calling for fundamental economic reforms to avoid a “slow agony” for the European economy. The report, by former president of the European Central Bank Mario Draghi, is a “door stopper” of 400 pages, including…

The Guardian - UK

The Guardian view on Europe’s future: spend big or risk the consequences

Editorial: Former European Central Bank chief Mario Draghi is right to call for Marshall plan-type investment in the continent’s future

The Conversation

Research nation: whisper it, Europe still sometimes looks to the UK

Getting into a taxi with a stranger at 11pm could have been an awkward experience. Especially when the journey ahead was due to take one-and-a-half hours. Fortunately, when I arrived at Pisa airport last week and jumped into a car to be driven to Siena by Riccardo Chiantini, sitting next…

Fortune

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

The plan includes support for loosening antitrust.

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Radio France Internationale

Europe needs 'unprecedented' investment to close gap with China, US

Europe needs to significantly increase investment as part of a "new industrial strategy" to remain competitive with the United States and reduce reliance on China, a new report claims.

France 24

EU relies too much on the US and other military suppliers abroad, report says

The European Union is failing to invest enough in military projects and relying too much on the US and other countries, according to a landmark report released Monday. Almost two-thirds of the EU's defense orders between mid-2022 and mid-2023 were placed with US companies, with another 15 percent going to…

The Independent UK

Mario Draghi has solutions for Europe's sluggish economy. Will EU governments listen?

A long-awaited report on how to rescue Europe’s economy from weak growth and red tape is in

The Independent UK

The EU buys too much defense equipment abroad, especially from the US, a major report says

European Union countries are buying too much of their defense equipment abroad, much of it U.S.-made, and failing to invest in joint military projects, a landmark report is warning

The Guardian - UK

EU ‘needs €800bn-a-year spending boost to avert agonising decline’

Report by Mario Draghi calls for additional investment to regain growth and prevent social unrest

Al Jazeera

Europe needs ‘massive’ investment drive to catch global competitors: Report

Ex-ECB chief Mario Draghi’s report says Europe’s economy faces ‘existential challenge’ to catch up with the US, China.

International Business Times

Europe Needs 'Unprecedented' Investment Surge, Says Key Report

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.

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