The Draghi Report: Full Text and Key Points

The most anticipated strategic document of September, the Competitiveness Report that Mario Draghi presented this morning, is organized into six points that outline the challenges that Europe must face.

• Before listing its proposals, the report highlights the new context to which the Union and its Member States must adapt: ​​declining economic growth, even if the continent retains its strengths – in particular a low level of inequality – and three external constraints that will have to be overcome: – the era of booming world trade supported by multilateral rules seems to be over; cheap Russian energy is no longer an option after the invasion of Ukraine; the protection of American security is no longer guaranteed and the Union can no longer do without its defense.
• Draghi has already made these points in two previous speeches published in the April and June pages.

The Report is structured around five key points:

• Bridging the innovation gap (including skills);
• Combining decarbonisation and competitiveness;
• Strengthen security and reduce dependency;
• Investment financing;
• Strengthening governance.

The report can be read here and here.

To understand the logic of the Report, we publish on our pages a doctrinal cue.