Urgent Investment: Europe's Competitive Future Depends on Action

Europe faces a significant slowdown in growth, which has been largely ignored until recently. This shift in conversation highlights the urgency for substantial changes to maintain competitiveness. Proposed reforms come with a hefty price tag, demanding a rise in investment share by approximately 5 percentage points of GDP, reminiscent of levels from the 1960s and 1970s. While securing funding from member states presents challenges, the urgency of Mario Draghi's report emphasizes the critical need for immediate and collective action to address this economic crisis.