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Europe News
Sliding doors: The EU that could’ve been with Draghi in charge
Mario Draghi rather than Ursula von der Leyen, was mooted to lead the European Commission in summer 2024. Facing Donald Trump over tariffs, unveiling the EU’s long-term budget, and setting out a different course for Europe, here’s how the EU might have looked if it had caught that train.
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Europe News
Unions, NGOs fear sweeping deregulation amid competitiveness drive
Trade union leaders and environmental campaigners are among over 250 groups warning against a bonfire of red tape as the second von der Leyen commission presses on with its core goal of shielding European industry from US and Chinese competition.
Economy
Trump policies may push ECB to cut rates, Draghi urges reform efforts
Trump’s protectionist policies could push the ECB to cut rates faster than predicted, as renewed tariffs on European exports threaten growth. Draghi urges EU reforms to bridge the tech gap and calls for a united stance in trade talks with the US.
Europe in Motion
Which European universities file the most patent applications?
A new study shows a growing contribution of universities to the continent's innovation ecosystem but laments the bloc's fragmentation is crippling the ability to turn high-level scientific research into economic competitiveness.
Business
US-Europe economic growth divergences to widen further, IMF warns
The IMF warns of widening US-Europe growth divergences, calling for increased public investment in Europe. While US growth forecasts have been upgraded, the eurozone faces downgrades, with key economies like Germany and Italy struggling to keep pace.
Economy
ECB highlights 'fragile' economic recovery, praises Draghi's reforms
The ECB cut rates by 25 basis points in September, citing "appropriate" action due to disinflation and a "fragile" recovery, meeting account shows. Risks to growth remain tilted to the downside. Policymakers urged structural reforms, as highlighted by Draghi.
Europe Decoded
Euroviews. Why is the EU struggling to define its future?
The time for feet dragging is over, but the sense of urgency is still missing. And there is more: In addition to being very demanding, these challenges need to be faced simultaneously. Is that even possible, Ricardo Borges de Castro asks.
Economy
Draghi's competitiveness report: Can Europe heed the call to action?
Mario Draghi's competitiveness report urges the EU to invest €750-800bn annually to close the economic gap with the US and China. While experts praise its push for joint action and reforms, concerns remain over funding, political consensus and its future impact.
Europe News
The Draghi EU competitiveness report - the reactions
Mario Draghi’s anticipated report received mixed reactions, with green groups accusing him of 'dismissing the ecological crisis' and the finance industry acclaiming the bulky report’s call for 'massive investment' amid austerity fears.
Healthcare
Draghi report touts path to pull EU pharma from ‘slow agony’
Mario Draghi envisions a clear path forward for the EU pharma sector through greater access to health data for AI development and targeted public investment in gene therapies, which he believes will help preserve the EU’s healthcare strengths.