Italian
800 billion a year is what it would take to change Europe’s trajectory
The jolt, which feels like a significant tectonic movement, came yesterday during the presentation of his Report on European Competitiveness, side by side with Commission President Ursula von der Leyen.
But this has been a thought lurking for some time, aimed at finalizing new strategies to enhance competitiveness while also achieving the objectives outlined in the report.
To reach this goal, additional investments are necessary. The figures? No less than 800 billion euros a year based on the latest estimate from the commission, which corresponds to 4.4% to 4.7% of the European Union’s GDP.
Here, the historical comparison with the famous Marshall Plan, which played its part between 1948 and 1951, is immediate, even though at that time the portion of additional investments was set at 1-2% of GDP.
But the news, beyond mere economic and strategic discussions that will be crucial in the near future, is the “Draghi thought,” which urges everyone towards a true extreme push, stating that the EU is already in a state of emergency and crisis, with the only alternative being “to intervene or face a slow agony.”
These words become weighty, capable of putting a system under pressure that must resume generating thoughts and joint political actions aimed at requalifying specific sectors and skills. Draghi’s authoritative warning is lucid and modern, drawing on a model from the past to save the future.
Photo Credit by Wikipedia
Instacult by Mauro Lama
