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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.
7 months ago
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