Can the Draghi report save Europe?
Draghi report
Fecha: enero 2025
José Ramón Díez Guijarro
SEFO, Spanish and International Economic & Financial Outlook, V. 14 N.º1 (January 2025)
The Draghi report, published at a pivotal moment for the European Union, identifies structural weaknesses in Europe’s economic model and proposes comprehensive reforms to secure its future. With public and private investment needs estimated at €800 billion annually, the report calls for productivity-boosting measures, enhanced strategic autonomy, and a focus on the green and digital transitions. It highlights the importance of industrial policy, regulatory simplification, and improved governance to foster innovation and competitiveness. However, implementation faces hurdles, including political fragmentation, limited fiscal space, and resistance to deeper integration, underscoring the urgency of prioritizing achievable reforms and embracing a multi-speed Europe.