Urgent Reforms Needed: EU Lags Behind US and China, Draghi's Report Warns

An additional 800 billion euros per year in investments are needed by the European Union to undertake rapid and substantial reforms to address its lag behind the United States and China. This is detailed in the much-anticipated report on EU competitiveness, prepared by former European Central Bank Governor Mario Draghi at the request of European Commission President Ursula von der Leyen.

The report emphasizes "urgency" and "concreteness" as key themes....