The former Italian prime minister is preparing to issue a sweeping report on economic competitiveness.
In a few weeks, Mario Draghi will lay out a vision of how the European Union can boost its productivity and stay competitive in an “increasingly cutthroat” global economy. | Sean Gallup/Getty ImagesVictoria Guida is an economics reporter covering the Federal Reserve, the Treasury Department and the forces driving economic policy. Her column, CAPITAL LETTER, demystifies the policies, people and institutions that shape the financial system and the broader economy.
Credited with saving the euro as head of the European Central Bank and then with helping revive Italy’s economy as a caretaker prime minister in the wake of the pandemic, “Super Mario” is an unusually respected figure in Europe, and a rare leader who has largely managed to transcend factional politics .
The reason: such reforms will need to clear a gauntlet of bureaucratic, political and financial barriers to happen. Without a shove from someone like Draghi, any wide-ranging economic reforms could be dead on arrival. Of course, China looms larger in that debate, with Beijing ramping up subsidies on all manner of goods , and flooding global markets with the resulting production. U.S. and EU countries last week at the G7 jointly agreed to confront China over this excess capacity.
At worst, industrial policies in both the U.S. and the EU aimed at attracting investment could work at cross-purposes and make the whole endeavor more expensive for both sides. But that law, along with federal spending to boost domestic manufacturing of semiconductors, got Europe’s attention.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
A new novel shows how the U.S. fought Nazis with economics'The Wealth of Shadows' by Graham Moore skillfully pairs spycraft with big economic ideas.
Lire la suite »
Americans will be using subpar sunscreens this Memorial DayAlex Tabarrok holds the Bartley J. Madden chair in economics at the Mercatus Center and is a professor of economics at George Mason University. He is known for his work in law and economics, public choice and health economics and co-authors the popular economics blog Marginal Revolution with Tyler Cowen.
Lire la suite »
EOS Network Redefines Crypto Economics with New Tokenomics ModelOn June 1, the EOS Network will undergo a transformation with the implementation of a new tokenomics model.
Lire la suite »
Chargers QB Herbert takes in stride another offseason of learning a new offense and playbookJustin Herbert having to learn a new playbook and working with a different offensive coordinator in college and the NFL has become a familiar routine. Herbert, along with many Los Angeles Chargers fans, are hoping that the new regime of coach Jim Harbaugh and offensive coordinator Greg Roman will be around for awhile.
Lire la suite »
Las Vegas Raiders are adding a new scheme into their playbook.Las Vegas Raiders will be running a wide zone offense this year. They want to change it up and it will benefit the whole offense.
Lire la suite »
New Salt Lake Bees stadium in Daybreak has new renderings, and a new nameThe new Salt Lakes Bees stadium in Daybreak officially has a name.
Lire la suite »