Europe’s competitiveness: the missed opportunity of the Draghi report
Electroshock. Emergency call. Existential threat. The report on Europe’s competitiveness that Mario Draghi, former head of the European Central Bank, presented to the President of the European Commission on September 9 has caused quite a stir, to say the least. The report marks a salutary awakening to Europe’s decline, the symptoms of which it clearly identifies. But the proposed remedies remain conventional – a plan, a loan and an industrial policy. It’s a missed opportunity, or almost.
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