EU Pledges Economic Overhaul After Trump Election
Mario Draghi, former European Central Bank president and Italy’s ex-prime minister, has outlined a bold vision for EU competitiveness in a new report. He warns the EU is falling behind the U.S. and China due to stagnant innovation and an uneven global trade landscape.
The urgency has intensified following Donald Trump’s election, as his proposed tariffs on European goods threaten the EU’s trade surplus. Draghi calls for an annual investment of €750-800 billion (about 4.5% of EU GDP) to reform industries, integrate markets, and address high energy costs.
Key reforms include streamlining market regulations, boosting defense R&D, and creating shared EU assets. Without decisive action, Draghi warns of declining prosperity, environmental setbacks, and weakened freedoms.
Related
-
According to multiple media sources, Republican candidate Donald Trump has won 291 electoral votes, surpassing the 270 needed to secure the presidency and defeating Democratic rival Kamal...
-
According to close advisers, Donald Trump plans to use every government resource at his disposal to fulfill his commitment to deport millions of undocumented immigrants. Referring to immig...
-
Though Donald Trump won’t take office until January 20, preparations for his presidency are in full swing. Key dates leading up to the inauguration include December 11 (state certifi...
-
Donald Trump has reportedly asked Robert Lighthizer, who led his trade war against China, to return as U.S. Trade Representative. Sources familiar with the transition discussions say Light...
Latest US News
- Pennsylvania Governor Backs Court Decision to Disallow Faulty Mail-In Ballots
- Republicans Edge Closer to House Majority, Eye Full Congressional Control
- Ella Emhoff Shuts Down Rumors After Emotional Election Night Reaction
- Giants and Panthers Face Off in NFL's International Series Finale
- Michigan Falls Short Against Indiana: Winners and Losers