”By targeting actions to address the underlying issues of low productivity, Europe could achieve productivity gains over the next decade.”
Europe is facing major economic and security challenges. The European Commission (EC) has started translating the Draghi report’s recommendations into effective proposals.
On the economic front, insufficient investment and weakening productivity, coupled with an ageing population, are weighing on potential growth in Europe in general and in the Eurozone in particular. On the security front, the White House’s announcement that the US will abandon its military umbrella over Europe will force EU Member States to step up their defence efforts significantly.
The decision recently ratified by the German parliament to massively increase infrastructure and defence spending represents a historic shift that will revive German growth, which Europe should benefit from in the coming decade.EU leaders are preparing to take significant measures on both fronts. The EC is in the process of translating some of the Draghi report’s recommendations – published in 2024 – into action. Its proposals will be examined by the European Parliament this year, starting on 1 April with the vote on the ‘stop the clock’ proposal (postponing the implementation of key EU sustainable development legislation until 2027-28) of the “Omnibus Package“.
You can now read the full whitepaper at the link below
