Former ECB President Draghi proposes €800bn annual EU investment in defense and tech for global competitiveness.

Former ECB President Mario Draghi proposed a vision for a more integrated Europe, calling for an annual €800 billion ($1.3 trillion) investment in defense and technology to enhance the EU's global competitiveness. His report highlights the EU's declining share of global GDP—now 16.1%—compared to over 26% for the US and nearly 19% for China. Draghi emphasizes the need for banking and capital market integration to support economic recovery and competitiveness.

September 30, 2024
3 Articles

Further Reading