Draghi’s report on Europe’s competitiveness postponed until September

Mario Draghi's report on Europe's competitiveness, initially anticipated before the EU elections in June, has been postponed to September. This delay coincides with the formation of the next EU Commission's portfolios, raising speculation that the report may influence their structure. Ursula von der Leyen, who requested the report, emphasized its importance during her 2023 State of the Union speech, particularly in light of Europe's declining competitiveness amid global challenges such as the potential return of Donald Trump and rising competition from China. The report aims to provide a practical guide to enhance EU competitiveness, although specific details remain undisclosed. A closed-door meeting with Draghi at an EU Commission college meeting in January suggested a reevaluation of the Green Deal approach, which has been a contentious topic among EU member states. Von der Leyen has urged EU Commissioners to keep discussions with Draghi confidential, indicating the sensitive nature of the report's content. The political landscape within the EU complicates the implementation of the Green Deal, with differing views among political factions. The center-right European People's Party and liberals advocate for a more pragmatic approach, while socialists and Greens resist any regression from the Green Deal's objectives. The outcome of Draghi's report could serve as a roadmap for the EU's direction over the next five years, potentially shaping the portfolios of the new Commission. As the EU navigates these challenges, the effectiveness of Draghi's strategies from 12 years ago in restoring competitiveness will be closely scrutinized. The report's findings may play a crucial role in determining how the EU addresses its current economic and geopolitical issues.