Il piano di Draghi per l’Europa: per essere competitiva, l’Unione deve essere riformata
EL 82 | Draghi’s Plan for Europe: To Be Competitive, the Union Must Be Reformed
di EUstrongerthanUS
Il piano di Draghi per l’Europa: per essere competitiva, l’Unione deve essere riformata
EL 82 | Draghi’s Plan for Europe: To Be Competitive, the Union Must Be Reformed
di EUstrongerthanUS
7 Comments
i vote we grant Draghi emergency powers to reorganize the Union
It is time to prepare so as not to fall behind the United States and China.
I love how he presents his package as one for the whole Union while never bothering to consult anyone who joined in 2004 and after.
Long Live EU
I watched his whole presentation, and he didn’t say anything spectacular or new. He just argued to unify the EU industrial economy completely, as if it was one single state. He advocates, amongst other things, for transnational mergers between big European companies and unified capital markets, so to create a proper venture capitalist sector, that is able to finance startups.
Obviously, it’s a good plan, but again, it’s a bureaucrats plan and not a politician. He’s asking Europe to stop putting their national interests first and put the one of the continent ahead, and personally, I don’t think it’s possible. He wants the regular citizen from let’s say Italy to be just as happy if Intel invests billions in a new chip manufacturing plan in Germany as if the factory was built in Italy, since in the long run it benefits the whole union. Another example would be to welcome French companies buying up and merging with Spanish industries.
That will be very, very hard to sell to the citizens of the EU states, and I don’t know how you’ll ever get over that feeling
If you want to know how much Europe is now behind, consider that 15 years ago the EU economy was about the same size, or slightly bigger than America’s. Today the EU’s economy is only 65% that of the U.S., and falling behind further. The tech sector is basically nonexistent in Europe compared to what it is across the Atlantic. With massive investments in AI and onshoring in the past few years under Biden, the gaps will only grow.
Sure, central planning totally works!