News Formal

Draghi urges reform, massive investment to revive lagging EU economy

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 17 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Mario Draghi News

European Central Bank,European Union,EU Countries

The European Union needs far more coordinated industrial policy, more rapid decisions and massive investment if it wants to keep pace economically with...

BRUSSELS - The European Union needs far more coordinated industrial policy, more rapid decisions and massive investment if it wants to keep pace economically with rivals the United States and China, Mario Draghi said on Monday in a long awaited report.

EU countries had already responded to the new realities, Draghi's report said, but their effectiveness was limited by a lack of coordination. EU growth had been persistently slower than that of the United States in the past two decades and China was rapidly catching up. Much of the gap was down to lower productivity.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EV tariffs could hurt European companies and industry, Polestar CFO saysImport tariffs imposed by the European Union and the United States on China-made electric vehicles will harm European based companies, the chief financial...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »