Former ECB President Mario Draghi called on the EU to invest as much as €800bn extra a year to make the bloc more competitive and to commit to the regular issuance of common bonds to compete w/China and the US. 
Draghi said that Europe will need to boost investment by about 5ppts of the bloc’s GDP – a level not seen in >50yrs – to transform its economy so that it can remain competitive. 
Draghi also pitched an adaptation of the EU’s competition policy so that “it does not become a barrier” to the bloc’s industrial goals.

Former ECB President Mario Draghi called on the EU to invest as much as €800bn extra a year to make the bloc more competitive and to commit to the regular issuance of common bonds to compete w/China and the US. 
Draghi said that Europe will need to boost investment by about 5ppts of the bloc’s GDP – a level not seen in >50yrs – to transform its economy so that it can remain competitive. 
Draghi also pitched an adaptation of the EU’s competition policy so that “it does not become a barrier” to the bloc’s industrial goals. https://bloomberg.com/news/articles/2024-09-09/draghi-says-eu-in-danger-without-massive-spending-and-joint-debt?sref=R17xFhjo