Draghi to address EU Parliament on global competitiveness strategies

Mario Draghi, the former head of the European Central Bank, is set to present a significant report on the competitiveness of the European Union to political groups within the European Parliament. This private briefing is scheduled ahead of the official launch of the report, which is expected to take place later in September. The report, approximately 400 pages long, is the result of collaboration between Draghi and a team of seven officials from the European Commission. The focus of Draghi's report will be on addressing the productivity gap that has emerged between the EU and the United States over the past three decades. This gap has been largely attributed to insufficient investment in innovation within the EU. During the technical briefing, Draghi will outline his findings and recommendations, allowing leaders of various political groups to engage with him through follow-up questions. The anticipated report aims to provide a comprehensive analysis of the challenges facing the EU in terms of global competitiveness. It is expected to offer strategic recommendations that could enhance the EU's standing on the world stage. The insights from this report are crucial as the EU seeks to bolster its economic position and address the competitive pressures it faces internationally. As the report is prepared for release, it highlights the importance of innovation and investment in driving productivity. The outcomes of Draghi's work could have significant implications for EU policy and its approach to fostering a more competitive economic environment in the future.