EU report by Mario Draghi urges €800bn annual investment for green transition and innovation.

The EU's recent report by Mario Draghi emphasizes urgent economic reforms to prevent a "slow agony" for the European economy. It calls for an annual investment increase of €800 billion, mainly for green transition and innovation. While proposing a European version of the U.S. DARPA, critics argue the report lacks bold ideas and specifics on investment needs. Overall, it reinforces existing strategies to support innovation and protect industries without offering a new economic direction.

September 19, 2024
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