{"id":133603,"date":"2024-09-09T09:20:26","date_gmt":"2024-09-09T06:20:26","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/what-is-the-long-awaited-draghi-report-on-eu-competitiveness\/"},"modified":"2024-09-09T09:20:26","modified_gmt":"2024-09-09T06:20:26","slug":"what-is-the-long-awaited-draghi-report-on-eu-competitiveness","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/what-is-the-long-awaited-draghi-report-on-eu-competitiveness\/","title":{"rendered":"What is the long-awaited Draghi report on EU competitiveness?"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/133603\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>The ex-Italian premier has form for saving the economy \u201cwhatever it takes\u201d \u2014 but who will pay for his plans? Former Prime Minister and central banker Mario Draghi is set to produce a long-awaited report on EU competitiveness later today (9 September), which he\u2019s promised will offer \u201cradical change\u201d. Delayed from June, his findings will come at a key moment in the EU\u2019s political cycle, setting the tone for the next political term just days before European Commission President Ursula von der Leyen hands her new clutch of lieutenants their duties.<\/p>\n<p>During his eight-year term as head of the European Central Bank, Draghi famously pledged to do \u201cwhatever it takes\u201d to defend the euro currency from market turbulence \u2013 but now von der Leyen has tasked him with saving the whole economy. He\u2019s already sown a few hints about what\u2019s in his several hundred-page report, which is being produced with the aid of European Commission staff. He\u2019ll certainly highlight the growing productivity gap with the US \u2013 whose economy is now 50% bigger than the EU\u2019s, though the two were peers 15 years ago.<\/p>\n<p>In April, Draghi also spoke of the need to respond to massive subsidies paid by the US and China for strategic green tech, challenging the global trading order. Leaks from his briefing to EU ambassadors last week suggest he\u2019ll also discuss reducing the bloc\u2019s dependency on the outside world, climate change and social inclusion \u2013 and detail recommendations for ten key sectors, such as defence and energy.<\/p>\n<p>In that respect, many of his findings may simply echo those given earlier this year by Enrico Letta, another former Italian Prime Minister who\u2019d been tasked with finding ways to boost the EU\u2019s single market. One major uncertainty is how Draghi \u2013 who headed Italy\u2019s technocratic government from 2021-2022 \u2014 intends to pay for his plans. In April, Letta suggested reserving a portion of national subsidies for EU projects, or using loans from the European Stability Mechanism, a pot originally intended for the banking sector, to fund defence.<\/p>\n<p>Any further proposals Draghi has \u2013 such as common borrowing via Eurobonds \u2013 could prove the most controversial and contested element of his plans. His findings will likely face challenges from right-wingers who\u2019ll say he\u2019s ignored the impact of migration, and from the left, who say he\u2019s trying to deregulate and cut workers\u2019 wages. But they\u2019ll also have to overcome institutional inertia; many are calling the report a wake-up call to a complacent Brussels.<\/p>\n<p>The EU\u2019s Council, which groups member states, has previously blocked many market reforms. But he may also call for a shake-up at the Commission, the EU\u2019s executive responsible for proposing new laws. Von der Leyen may end up copying-and-pasting his plans into the mission letters she gives her new Commissioners on Wednesday, meaning they could define her five-year term.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/my-europe\/2024\/09\/09\/what-is-the-long-awaited-draghi-report-on-eu-competitiveness\">Euronews<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vaufien\/what-is-the-long-awaited-draghi-report-on-eu-competitiveness\/\">What is the long-awaited Draghi report on EU competitiveness?<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[16025,16026,606,607,608],"class_list":["post-133603","post","type-post","status-publish","format-standard","hentry","category-news","tag-draghi-report","tag-eu-competitiveness","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/133603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=133603"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/133603\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=133603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=133603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=133603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}