To Reverse Economic Decline, Europe Must Overhaul Its Strategy, Report Says

Published On Sep 9, 2024, 5:04 AM

A report by Mario Draghi highlights the urgent need for the European Union to boost public investment by roughly $900 billion annually in areas like technology and defense to maintain competitiveness against the U.S. and China. The report identifies a significant investment gap due to increased energy prices and recent geopolitical tensions, calling for strategic financial input to secure Europe's economic future.