The report lays out major challenges that the EU must address through a new industrial strategy, which would include reducing enegy prices.
The European Union requires radical reforms through a new industrial strategy to ensure its competitiveness, to boost social equality and to meet climate targets, according to a keenly awaited report from economist and politician Mario Draghi.
"The EU will need to develop a genuine"foreign economic policy" that coordinates preferential trade agreements and direct investment with resource-rich nations, the building up of stockpiles in selected critical areas, and the creation of industrial partnerships to secure the supply chain of key technologies," the report states.
The bloc must also seek to ensure its competition policy does not become a"barrier to Europe's goals," particularly in the technology sector. The European coalition must also facilitate"massive investment needs unseen for half a century in Europe," through a mix of private finance and public support. The EU is meanwhile suffering an"innovation deficit" which must be tackled through reforms, the report states.
France Dernières Nouvelles, France Actualités
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