2024-11-09 13:29:10
Europe
Politics
Economy
Unity for European Competitiveness Post-Trump
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Budapest: after Donald Trump's election, Mario Draghi calls for unity "to protect our European producers"
Politics
Economy
After Donald Trump's election, Mario Draghi, former president of the European Central Bank, calls on European leaders to unite to protect European producers against American trade policy. Ursula von der Leyen, president of the European Commission, draws inspiration from Draghi's conclusions to revive European competitiveness. However, differing interests among member states, particularly between Emmanuel Macron's France and Germany, make the success of the project uncertain. Funding the necess..
Deutsche Welle
EU summit in Budapest: How can the EU remain competitive?
Politics
Economy
Technology
EU summit in Budapest, hosted by Hungary, discussed reforms to boost EU competitiveness vs US, China. Draghi, ex-ECB president, urged €800B investment, common bond issuance to finance public projects, reducing China reliance, streamlining bureaucracy. Leaders welcomed proposals, but divisions remain on shared debt, which EU first used to mitigate COVID-19 pandemic effects. IMF expects 1.2% EU growth vs double for US. Merkel, Scholz previously opposed shared debt, but new European Commission may..
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