European Central Bank (ECB) President Christine Lagarde praised Mario Draghiโs โformidableโ report on Thursday (12 September) but said that the responsibility for boosting Europeโs lagging competitiveness ultimately lies with EU governments rather than…
Mario Draghiโs EU competitiveness report, launched with much fanfare in Brussels yesterday, included a proposal for an electricity market reform that the European Commission shied away from during the energy crisis of 2022.
Mario Draghiโs anticipated report received mixed reactions, with green groups accusing him of ‘dismissing the ecological crisis’ and the finance industry acclaiming the bulky reportโs call for ‘massive investment’ amid austerity fears.
Cities need EU help to decarbonise heating
As Europe continues to lag behind the US and China, former European Central Bank president Mario Draghi estimates that an investment effort of โฌ800 billion a year is needed to avoid an ‘existential challenge.’
The Draghi report aimed at reinvigorating Europeโs economy as a whole, outlines his proposals to help the pharmaceutical sector revive its competitive edge.
Draghi gave an accurate diagnosis of EUโs competitiveness problems in his long-waited report, but his treatment is โtoo incrementalโ and lacking โspark,โ according to experts.
The EU defence market could face a supply crisis if member states do not align their defence spending and procurement plans, according to Draghi’s report on competitiveness.
The Portuguese Business Confederation (CIP) on Tuesday praised the strategy outlined in Mario Draghi’s long-awaited report on European competitiveness, and called for more public support for the private sector to boost investment.
In a 400-page report, the former ECB president analyzes why the EU is lagging behind the US and China, and calls for more joint borrowing and investment.
Cohesion policy is essential for the competitiveness of the European Union and must not be seen as a “charity policy”, the president of the European Committee of the Regions, Portugal’s Vasco Cordeiro, warned on Monday.
Mario Draghiโs call for EU policymakers to reduce companiesโ regulatory burden to boost the bloc’s faltering competitiveness was praised by European business groups on Monday (9 September) but criticised by Europeโs largest trade union confederation….
Mario Draghi handed to Ursula von der Leyen the highly anticipated report on European competitiveness stressing the urgent need to boost productivity to achieve the EUโs political and economic goals.
Mario Draghiโs long-awaited report on European competitiveness has been met by MEPs with both praise and reservations. Centrist politicians hope for a speedy correction of EU industrial policies, while conservatives fear accelerated spending and the fa…
Draghi unveils an ambitious economic agenda, but politics will be a sticking point
Elon Musk’s X is subject to a Commission probe on compliance with the bloc’s content-moderation rulebook.
Tech took center stage in Mario Draghi’s long-awaited report on European competitiveness.
The EU should push countries to buy from the bloc’s military industrial complex, Draghi said in his new report.
During the public presentation of his long-awaited report on the future of Europeโs competitiveness earlier on Monday (9 September), Mario Draghi said that the โessenceโ of the report could be summed up in just two words, โurgency and concretenessโ….
โGermany will not agree to this,โ country’s finance minister tells POLITICO.
Common debt, China threat, innovation and cars: Euronews summarises 400-plus pages to give you five takeaways from Mario Draghiโs landmark report.
Mario Draghiโs long-awaited competitiveness report published this morning (9 September) calls for a fundamental re-think of the EUโs green growth drive. The former Italian Prime Minister stands by the blocโs climate goals โ but wants less โgreenโ and m…
Europe is facing an “existential challenge” to increase its productivity, Mario Draghiโs long-awaited report on European competitiveness states, with the main priorities focused on advancing the tech sector and ensuring a successful transition towards …
AI is an opportunity for Europe while common borrowing is needed to fund defense, former ECB chief says in landmark report. Read the full paper here.
The ex-Italian premier has form for saving the economy โwhatever it takesโ โ but who will pay for his plans?
The Italian technocratโs policy proposals, set to be released on Monday (9 September), are likely to profoundly shape EU-US relations over the coming years.
Officials and companies fear the costs of complying with new environmental laws are smothering the EUโs competitiveness
Like Gorbachev’s Perestroika, the report from the former ECB chief could herald a change of historic proportions. It’s far less innocuous than it sounds.
A blueprint to make the EU more competitive with the rest of the world is published on Monday. It’s likely to prove controversial.
Major parties appear to back the ex-Italian premierโs plans to boost sluggish EU growth.
Mario Draghiโs presentation of his long-awaited report on the future of Europeโs competitiveness to EU officials on Wednesday (4 July) was light on details and policy proposals – with Commission chief Ursula von der Leyen signalling she hasn’t accessed…
Former European Central Bank President Mario Draghi โ โthe man who saved the eurozoneโ โ will present his much-anticipated report on the future of European competitiveness to EU diplomats and leaders of the European Parliamentary groups on Tuesday (4 S…
The race is not only tight nationally, but in a broader range of states than before.
Policymakers have already recognized the need for a new digital approach. Done right, it can take us into a more prosperous, fair and flourishing future.
Looming threats must spark major rethink of European defense policy, according to draft of new report seen by POLITICO.
The EUโs road transport sector faces critical challenges. The IRU’s roadmap urges policymakers to enact supportive legislation to ensure the EU’s economic and environmental goals are met.
The Italian leader isnโt too eager to hang her hat with the Euroskeptic far right โ at least not just yet.
Ex-ECB chief will brief political groups of European Parliament before official launch in coming weeks.
The new EU Commission should build on the European Green Deal to strengthen Europeโs economic competitiveness and geopolitical relevance. A Clean Industrial Deal could serve both ends if designed correctly.
We have an important chance to regain Europeโs edge in one of its most important sectors โ and, in turn, help people live longer and feel better.
Water scarcity, overcrowded streets and rising housing costs are infuriating locals.
Initially, Mario Draghiโs report on the future of Europe’s competitiveness was expected to go out before the EU elections in June, but it was postponed until after summer, in September.
Industry Minister Adolfo Urso confirmed the government is courting Chinese carmakers.
The Paris Olympic Games caused overall business activity in the eurozone to surge above analysts’ expectations in August despite a continued slump in manufacturing, according to a closely-watched survey published on Thursday (22 August).
Candidates who end the conventions on the upswing typically see that momentum continue through to Election Day.
EU governments are battling for their people to get roles linked to the economy.
The sectorโs green transformation is a threat to competitiveness
Damian Boeselager (Greens/EFA), co-founder of the pan-European Volt party, warned that EU officials’ focus on encouraging European firms to “scale up” risks pushing the bloc’s competition policy “in a completely wrong direction”.
The European Commission has started moving ahead with efforts to facilitate data centres for artificial intelligence (AI), needed to boost the EUโs competitiveness globally. ย
The Left Group prioritised securing the chairmanship of the European Parliamentโs labour affairs committee to prevent any rollback of environmental and workersโ protections over the next five-year mandate, the new committeeโs leftist chief told Euracti…
Measures the new EU Commission will set out for insurers in the second half of the year risk thwarting policymakersโ efforts to boost Europeโs competitiveness and private funding capacity if not re-calibrated differently, the sector has warned.
Donald Trumpโs presidential campaign pledge to impose steep tariffs on Chinese goods could benefit the European economy by providing diplomatic cover for EU policymakers to introduce similar trade defences, according to Nazak Nikakhtar, a former top US…
SNEAK PEEK โ The EUโs IRISยฒ satellite communications network project is increasingly troubled. โ NATO seeks to make procuring arms faster, the allianceโs procurement agency boss Stacy Cummings told me. โ The U.K. and Germany team up on defense as fears grow that U.S. presidential contender Donald Trump will ditch Ukraine if he wins in [โฆ]
The publication of a much-anticipated report on the European Union’s competitiveness by former European Central Bank President Mario Draghi has been delayed until September, an EU official confirmed to Euractiv on Tuesday (24 July).
Manufacturing in Europeโs industrial heartland weakened further in July, confirming the worst fears of EU leaders concerned by the direction that the blocโs economy is taking. S&P Global said today its eurozone manufacturing purchasing managers index (PMI), a rough real-time proxy for activity in the sector, fell this month, as the sector dived deeper into [โฆ]
SNEAK PEEK โ Lockheed Martin is working on laser technology, a top executive told Josh. โ Dassault Aviation CEO รric Trappier is troubled by the uncertainty of Franceโs political situation. โ European Parliament: Renew Europeโs Marie-Agnes Strack-Zimmermann will lead the SEDE subcommittee and the EPPโsย Borys Budka will head ITRE. Good morning, and welcome to Morning [โฆ]
Itโs no secret that Europe is facing some of the biggest challenges in its history, from the digital and green transition to climate adaptation and mitigation, along with the need to boost its security and defence resources and enhance its competitiven…
Kyriakos Mitsotakis shows off his growing political strength by calling for Greece to get a key portfolio.
Ursula von der Leyen was re-elected as president of the European Commission late last week. But another five years with her at the helm doesnโt necessarily mean more of the same tech policy. On POLITICO Tech, senior tech reporter Clothilde Goujard joins from Brussels to explain von der Leyenโs shifting focus from regulation to European [โฆ]
Political analysts and historians weigh in on an unprecedented moment in American politics.
SNEAK PEEK โ The Farnborough International Airshow starts today in the U.K. as the EUโs space program stutters. โ Tensions between Rome and outgoing NATO Secretary-General Jens Stoltenberg escalated over the weekend โ Plot twist in the French defense committee: Jean-Michel Jacques is the new president. Good morning, and welcome to Morning Defense. In case [โฆ]
Europe’s insurance sector became the latest to join the chorus of EU interest groups calling on the next Commission to foster a more pro-business regulatory framework – first and foremost, by following through with its pledge to slash reporting obligat…
European policymakers must urgently enact measures to prevent the EU economy from becoming drastically smaller than that of the United States, a top Hungarian official warned on Wednesday (17 July).
Both Trump and Biden are pushing lucrative U.S. fossil fuel deals โย a risky bet given the EU’s plans to wean itself off the energy source.
It was a love fest today. The green fights begin tomorrow
Ursula von der Leyen walked a fine line in her speech to the European Parliament plenary on Thursday (18 July), signalling support for an enlarged EU budget and looser competition rules whilst remaining vague enough to appease both sides of the politic…
Ursula von der Leyen presents herself as a beacon of stability to secure another five years at the head of the EU’s executive.
Von der Leyen aims to boost Europe’s competitiveness through tech, implenenting existing regulation while boosting investments.
From creating an EU-wide money market to protecting kids online, POLITICO looks at what lies ahead for lawmakers.
The EITโs first three industry-focused networks are now set to โgraduateโ. What have they achieved and are they ready to operate independently?
At least four countries sent lower-ranking officials in protest to a Tuesday meeting in Budapest, a day after the EU executive told its commissioners to stay home.
With two years of economic stagnation and insolvencies on the rise, analysts are divided on how to interpret the current state of the German economy.
MEPs pick incumbent for another 2.5 years at the helm.
A triple win for sustainability, circularity and business
Despite the adoption of the European Chips Act, the EU electronics manufacturing industry is set to decline, undermining European security, industrial resiliency, and competitiveness.
Is openness at the heart of the EUโs competitiveness strategy? Euractiv spoke with Lorenzo Frollini founder, CEO & CTO of Flywallet, a wearable technology, biometrics and AI company. Frollini explains why Flywallet supports open digital ecosystems….
Von der Leyen likely won’t have time to focus on Mario Draghi’s report until after the summer as she’s so focused on winning her second term.
Meet Rachel Reeves: the chess-playing former banker who needs to get the U.K. economy rolling.
SINGAPORE, July 11 (Reuters) – China approved no new coal-based steel projects in the first half of 2024, researchers said on Thursday, accelerating its shift towards green production as it prepares for the impact of a new carbon levy on exports to Eur…
Today and tomorrow (11 and 12 July) the Hungarian Presidency will host an informal meeting of Environment Ministers in Budapest, where they will discuss COP29, the circular economy’s potential to boost competitiveness and water scarcity.
Maintaining net neutrality is crucial for Europe’s startup ecosystem to foster innovation, economic growth, and strategic autonomy. Introducing network fees would harm startups, stifling their ability to compete and innovate, ultimately weakening the E…
EU leaders are sounding the alarm on Europeโs industry and innovation falling behind the US and others. Europeโs economic muscles have atrophied while the United States and China are pushing the world into the next generation of innovation and industry…
“It can happen that after the tariffs this process [of localisation] is accelerating,” Hungarian Minister for National Economy, Mรกrton Nagy, said following an informal meeting of EU competitiveness ministers in Budapest on Tuesday (9 July).ย
Emmanuel Macronโs battles at home means he risks losing sway in Brussels.
EU Affairs Minister Jessika Roswall will replace Ylva Johansson as Stockholm’s pick for Brussels.
Last Thursday and Friday (4 and 5 July), officials outlined Hungary’s priorities for its upcoming presidency of the Council of the EU, promising an “honest broker” role amid concerns over its impartiality, focusing on peace, migration, family policies,…
By cementing the duties, Brussels is holding its ground against Chinese โย and German โย opposition.
Driving excellence: A new EU Action Plan for rare diseases that drives innovation, creativity and competitiveness can position the EU as a leader on the global stage.
Reports of financial chaos in France have been vastly overstated, Europe’s economic elite say. Instead, the U.S. election is the one to watch.
The Swedish government will explore a national stakeholder partnership to increase the number of clinical trials in Sweden. The move comes after a decade of slow decline in trial applications, which reached a record low in 2023.
It’s key to emphasise the imperative for more specific initiatives and a steadfast commitment to sustainability, which is not just a moral imperative but also an economic necessity, Maria van der Heide writes.
More than two-thirds of EU spending should help boosting the blocโs economic competitiveness, the centre-right EPP group wants to propose to the next European Commission, according to a draft โ5 point planโ to be adopted during its study days in Cascai…
Viktor Orbรกn calls for more focus on EU competitiveness in FT opinion piece
Brussels has made similar deals with Tunisia, Mauritania and Turkey to curb irregular migration into the EU.
โCompetitiveness, security & defence, and social equality are clear electoral messages for the EUโs programmeโ, said EP President Roberta Metsola to the European Council. Source : ยฉ European Union, 2024 – EP
In a bid to cast the upcoming EU space law in a favourable light, Commission officials pitched it as a competitiveness driver for the continent’s industry during the European Space Forum in Brussels.
EU leaders should support the cross-border merger of banks to bolster the resilience of the Banking Union, European Commissioner for Financial Services Mairead McGuinness said on Tuesday (25 June), warning recent amendments to draft deposit insurance r…
The forthcoming report by former Italian prime minister and former European central bank president, Mario Draghi, on the future of European competitiveness is a valuable opportunity to shape the EU policy agenda for the coming EU legislative term and b…
French political circles are openly discussing the possibility of a very Italian option: an emergency government of experts.ย
Victor Orbรกn briefed Italy’s PM Giorgia Meloni on Hungary’s upcoming EU Council presidency program, which focuses on illegal migration, Europe’s competitiveness, and declining birth rates.
