(Teleborsa) – Second Mario Draghi the situation in Europe “is really worrying”. “The growth has slowed down for a long time and now the global trade picture has changed, it is slowing down. We want to preserve our social model but the investments “The necessary measures are massive,” Draghi said during the conference press of the presentation of the EU Competitiveness Report presented today in Brussels together with the European Commission, represented by President Ursula von der Leyen. L’innovation and the need to bridge the gap that Europe faces in this area with United States e Chinese represent the first and most important chapter of the three areas of intervention, identified by the report edited by the former President of the Council and of the ECB to relaunch economic growth and productivity in the European Union. Draghi noted that in 2021 the European technology companies they spent a total of on research and development 270 billion euros less than their US rivals. A key issue is also represented by the fact that many European companies often prefer to raise capital in States Unitedrather than in Europe.
Draghi then highlighted the need for the European Union to have a common government debt title. “Do we need a common safe asset? The answer is yes. You all know what I think: it is a functional tool to achieve our goals,” he explained. On this “we need a common assessment of what the dangers and the consequences are. And this is an area where member countries must agree,” he added.
The fate that Europe faces if it does not intervene adequately is that of “a level agony“, Draghi then underlined. Draghi gave the example of the real disposable income of families, which in the last 15-20 years in the US has grown twice as much as in Europe. “I could go on for several metrics. It will be a slow agony, we will be a society that fundamentally shrinks as we age. But the impression of an immediate death is hidden by the fact that this shrinking cake – he explained – is divided among fewer and fewer people”.
The President of the European Commission has summarised the points on which the EU will have to work to be competitive. “We must master the clean and digital transition”, she declared. “We must support our sector to go through the decarbonisation through innovation and transform it into a advantage competitive. This is why we must act on all the main levers at our disposal: reducing energy prices, mobilizing public and private investment, improving the business environment and cutting unnecessary bureaucracy.”
“We need more skills because technologies are only as good as the people who design them, produce them and, of course, operate them,” he added. “We need to increase investment in skills and we need to bring more people into the job market, equipped with the skills needed for the clean and digital transition.”
“Finally, let’s not forget that to be competitive, we must be resilient – he concluded –. We have gone through many shock in recent years and we have worked to build more robust industrial value chains, especially when it comes to security of supply.”
(Foto: © Paul Grecaud/123RF)
(Telestock) 09-09-2024 12:44
