Mario Draghi calls for strengthening European competitiveness

Mario Draghi calls for strengthening European competitiveness

Enrico Letta and Mario Draghi, former Italian prime ministers and renowned figures in the political and economic world, have recently expressed significant views on European competitiveness. Mario Draghi, not only a double “ex” but also a respected top economist, brought out important messages that could also influence Germany.

While competitiveness used to be primarily equated with cost reductions, according to Mario Draghi, a new perspective has developed in recent years. Instead of focusing exclusively on internal competitiveness, Europe should increasingly focus on greater cooperation and a common appearance on the global stage. The focus is on robust supply chains, higher productivity and the promotion of proprietary technologies.

At a time when China and other countries are making intensive advances in production, raw material supply and technology development, it is clear that competitiveness involves more than just low-cost production. The lessons from the past ten years require a realignment that looks beyond national borders and focuses on a more global perspective.

Mario Draghi, with his in-depth economic knowledge and many years of experience, brings valuable insights into the discussion about Europe's future. The challenges of the global economy require a comprehensive reassessment of European competitiveness, building on the strengths of a united Europe. The statements by Draghi and Letta offer important impulses for the further development and positioning of Europe in the global competitive environment.