All articles tagged with #mario draghi
European Central Bank President Mario Draghi has emphasized the increased urgency for the European Union to address its economic challenges following Donald Trump's election as U.S. President. Draghi's warning comes amid concerns over potential trade tensions and economic policy shifts under the new U.S. administration, highlighting the need for the EU to strengthen its economic strategies.
Former European Central Bank chief Mario Draghi warns that Europe must undertake radical reforms and increase investment to avoid economic decline and close the gap with the United States. His report calls for a new industrial strategy, significant investment in innovation, and a cautious approach to trade policy. Draghi emphasizes the need for both public and private sector investment, joint borrowing, and streamlined regulations to enhance productivity and competitiveness. He also highlights the importance of closing the innovation gap and improving capital market efficiency.
Former ECB President Mario Draghi emphasized the need for the EU to invest a substantial amount of money to address its challenges, presenting a diagnosis that highlighted the gaps in energy, exports, and defense. While there was agreement on the need to enhance EU competitiveness, divisions arose regarding the use of public funds. Draghi called for bold action and suggested leveraging European private savings, while also proposing options such as creating a new common cash facility or utilizing private partnerships. The idea of new common funds, including common debt, has garnered support from some EU leaders, but has not generated enthusiasm among all countries.
Italy's Defense ministry faced backlash for publishing an item honoring soldiers who fought for Mussolini, sparking accusations of rehabilitating fascism, while police probe reports of mass fascist salutes during a Rome memorial attended by members of Giorgia Meloni’s ruling party. Former premier Matteo Renzi has suggested Mario Draghi as the European Council chief, drawing parallels between Meloni and Margaret Thatcher, as British prime minister Rishi Sunak calls on European leaders to challenge refugee rules.