Table of Contents:
The need for collective action
In an increasingly complex international context, Europe is faced with significant challenges that require a unified response. Mario Draghi, former president of the European Central Bank, recently expressed the urgency of collective action during a meeting with French President Emmanuel Macron. According to Draghi, it is crucial that the European Union does not give in to the temptation to privilege national interests, especially at a time when the trade policies of the United States and China are changing rapidly
.
The challenges of protectionism
With the election of Donald Trump as president of the United States, Europe must prepare for a possible increase in trade tensions. Draghi warned that if European countries split up, they would risk losing their competitive advantage. His vision is clear: collective action is the only way to ensure that Europe can face global challenges without resorting to protectionist measures that could further damage
the European economy.
Reforms necessary for competitiveness
In addition to promoting unity, Draghi stressed the importance of removing unnecessary regulations that hinder Europe’s competitiveness. He highlighted how the single market needs to be applied more effectively, in particular in the energy and telecommunications sectors. The lack of an integrated energy market and deficiencies in interconnections have led to high costs and reduced competitiveness compared to the United States. Only through significant reforms will Europe be able to recover ground and face the challenges of the future
.
The future of innovation in Europe
Finally, Draghi highlighted that Trump’s election could also represent an opportunity for Europe to invest more in technological innovation. With the rapidly evolving high-tech sector, it is essential that Europe does not fall behind. Cooperation between member countries will be crucial to develop common strategies that can stimulate growth and innovation, thus ensuring a prosperous future for the continent
.
