Draghi just dropped a bombshell EU Competitiveness Report! ๐ช๐บ Can Europe close the growing gap with China and the US, or is it too late? Watch to see why Draghi says Europe is on the brinkโand what MUST be done to stay competitive. ๐โก
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Sources:
https://commission.europa.eu/document/download/97e481fd-2dc3-412d-be4c-f152a8232961_en?filename=The%20future%20of%20European%20competitiveness%20_%20A%20competitiveness%20strategy%20for%20Europe.pdf
https://worldjusticeproject.org/rule-of-law-index/
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Let us work together more and without depending on America. I love the EU but I also love it enough to know that we need some kind of change.
Draghi, the Vice Chairman at the american bank Goldman Sachs (02-05).. who is he working for? isn't the Nato advance which triggered Russia to attack Ukraine and ruin the EU economy?
The EU has to work with China not degenerate USA. China has solved the transport problem for the immediate future (electric) and the EU and USA don't want to face up to it change their oil burning ways.
Its just the eu is full of poor countries like Italy, spain, Portugal, greece, bulgaria etc etc
Europe can't great again.
The Africans and asias eyes are open now and melitaire they stronger and stronger..๐ ๐ ๐
Rome started beating Carthage, when it realised it need those who tryied and failed, because true wisdom comes from winning and from…losing, only yhose business mand and their offspring that tryied knows how to fix this, back them up, revive those who survived, the generations are old and tired, but maybe, there's still hope in their children, maybe with the old yeaching tge new, those who won, but mainly and most importantly those who failed, the maybe there could be a new business man like europe again, and state should play ball as well, beeing on the side line collecting taxes is not gone cut it, they gotta get their hands in the dirt, sidebyside as well, dont do this, and eurooe is going to be a museum, for americans, asians and everyone else.
The problem is not cooperation, because if you promote cooperation people are just gone promote more "integration", eventually transforming my country into a foreign shithole, the problem is lack of freedom, the powers at be destroyed business man and supported the creation of a centralized economic rulling class, like they've always done, if you give them more power, they're just gone get worse, what you need is to go back, go back to the 80s and start backing wanna be entrepeneurs, wanna be business man, lowering the retirement age back to 55 y old, while not bankrupribg the wellfare state, its totally possible, what we need is more competition, not more cooperation, what we need is more alternatives, from people outside the system, what we need is less cooperation and more state created public-private companies, the problem with europe is the old europe tendency to kill comoanies and business man, and EU as done that systematically since the fall of the berlin wall, so now, what is the surprise, if you kill initiative because you are afraid of losing power, there will come a day there are no new business man, and its always the same families and theyre mentallity like offsprinhs, the result is: stagnation, inflation and mediocrecsolutiojs like: foreign investment begging, tourism gobbling, cannibalist economic practices and sycinical migratory poloties, expelling its people and importung misery earning migrants from everywhere in the world.
Europe can wait until the cow come home…๐ค๐ค๐ค๐ค๐ค๐ค๐ค especially with Olof Coward, Anna Baboon, Macron Donkey and Ursula Von Der Liar helming europe !!!!!!!!!!
Not at your current calibre, no no no!
I propose draghi as first president of the EU federation.
Why do we need to antagonise the US and China? Is this some stupid preparation for a silly war? Please don't do this.
Europe trying to compete with usa or china is a joke of statement right?
You cant be serious.
Eu is not even a country to begin with.
It prioritizes individual peoples rights over the unions economic growth.
Its impossible. And a pipe dream.
First of all, the EU structure must be fundamentally restructured in order to get rid of the countless incompetent idiots and stop the corruption.
The diff between the US and EU is that in the latter, politicians are deciding things that marketers should decide. It is just like in the Soviet union. Five year plans, anyone?
Everybody knowed this befor and still happens what happens. Nothing new and why would it work this time? ๐ค
No unicorn founder would want to pay EU taxes unless it is a patriot and nationalist rather than a businessman.
Europe can't compete with anyone. Any central control will be control by Washington
It might look like a titanic challenge ahead of us, but isn't it hopeful to have the opportunity to build this together? We are more united than ever before. We have the vision, the talent, and the need. This is how the great comebacks begin. Let's do it and convince the rest of European powers that it is better to join. United we will flourish.
Resume : stop austerity and invest !
This is such a nothing-burger lmao. People in the comments are delusional. He just says "oh we need more innovation" – thanks captain obvious, will brussel do that? i dont think so
Let's not forget the key issue here: China has flooded the global market with cheep goods and the EU has comfortably leaned into this without stimulating its own diverse production market. We focus on big industry while smaller diverse enterprises might actually push us out of the deadlock. It needs less resources and together, this cluster of small inovative businesses, can bring in more capital.
Can you please explain how you define productivity and how it is measured? Especially when using percentage values it's important to know what you are comparing.
We need to get the eu out of the way of Europe. We need to start planning and thinking of a post eu europe and the opportunities it will bring.
WHERE AND WHEN DO YOU LIVE ?
THE EAST HAS ALREADY CONQUER THE WEST!
USA AND UE HAVE ALREADY LOST!
WAKE UP, SLEEPING BEAUTIES! YOU ARE DONE!
THEY TRAPPED YOU BEAUTIFULLY AND YOU FELT RIGHT INTO THEIR TRAP DUE TO YOUR ARROGANCE.
AT THAT LEVEL ARROGANCE BECOMES STUPIDITY.
AND THE PRICE IS PAYED BY COMMON PEOPLE, AS ALWAYS.
EU needs more Draghi. at first, to return all manufacturies to Europe. second, Europe does not make products that America make, so they do not have good competition and wins. listen to our business managers that they say ? Europe is becoming big museum. mistakes were made, for example all technologies were given to China for free. if you have technologies, you have everything, jobs and money. thats that our business managers told us. that America did ? they trying to return manufacturies and technologies home, so why you see this biger 30 percent gap between EU and USA today.
Even in US is it not such bad and Britain stays higher competitive inside own economy.
Europe suffers on monopoly tyranies in economic competition.
It's only the east and the USA now on the world scene. Europe is a failed project and done for.
Two main obstacles: populists in member states and distance between EU citizens and EU institutions
The Romans used to say: "divide et impera". That is exactly what China, Russia, and US aim at doing with EU.
I'm curious why von is still in his position. You Europeans should know more about her than I am a Chinese! Defend Europe, do we have to let Germany die in order for the EU to wake up
Europe is a joke on the global stage. How are they going to decide how to confront anyone.
These are all vassal states. Theyโll simply do as theyโre told.
You donโt talk about a chess match asking what the will of the pawns are
What about we try to find another system other than running after gdp growth in a capitalist society and start to think about the good of citizens instead. Stop following a failure of capitalist American system
Germany's energy strategy is not wrong. The United States is still promoting the use of fossil energy. Europe's problem is the soaring energy costs after the Russian-Ukrainian war, which has led to a lack of cheap production materials for industrial upgrading. Europe cannot have independent politics without an independent army. When the world economy is in crisis, the United States always reaps Europe's capital. This Russian-Ukrainian war is no exception. Europe should wake up.
Europe needs to invest in itself and there is no alternative to this. It would be better if some big tech giant could grow in Europe like FANG (Facebook, Amazon, Google, Netflix). Too much socialism instead of capitalism have hindered europes progress and competitiveness.
I was just in Germany. Germany is dying.
170 recommendations and 400 pages? goodness, Draghi has become German…
As for the gap in GDP widening, nobody denies it, but remember that UK was in the EU in 2002 and it is not now.
This Finnish woman is well aware that Finland has lagged behind neighboring Nordic-Baltic nations in attracting FDI (31% of Finland's GDP, versus an average of 49% for the region). Finland's once iconic Nokia was destroyed by a both a failure to adapt and by internal sabotage by former Microsoft executives, who in a grotesque display of "crocodile tears", wept at a news conference over their destruction of an EU rival. Nokia now struggles with mobile phone production in China, as Huawei and even Apple leave them far behind in China made quality.
At the same time, more and more younger Finns are leaving for other EU nations in search of better opportunities. Finland's former Economics Minister, Vilhelm Junnila, voluntarily resigned after 10 days in office even though he survived a no confidence vote following disclosure of his repeated pro Nazi references. Finland's Deputy Prime Minister, Rikka Purra, confessed to and apologized for murderously violent and hate filled comments about migrants that she posted on social media in her younger years. Reiterating these here will get me censored!
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My humble thinking the widening gap is not because of growth but because of EU leaders are working for American interest rather on their own people. I could name so many examples.
Any reforms are to late, EU is taking over by the far-right euro-skepticism, it's only a matter of time before EU collapses
Telling that EU under von der Leyen will challenge the US and take an ndependent road is like saying that Ukrania has a government autonomous from NATO directions and will win the war: detritus of mainstreaming media
As a Brazilian I was. Impressed. With the video by the research done and great work. But in the moment, that the โdictorship of judiciary โ was mentioned, it was really a mistake. Our Supreme Court saved the democracy when put limites and made the law be respected with the extreme right candidate. We had our January 6th in January 8th 2023. Where a crowd tried to do a coup. The 47% that believed in the diictoorship are the one who voted in the extreme right. Our constitution is been respected and the ban of Twitter was done after several negotiations that Elon musk did not want respect our laws.
He's just a puppet who lost his credibility imposing the vaccine mandate. Saying "who does not get a vaccine dies" was a lie. So, whatever he said and will say, is a lie.
First Europe need to sort their shit in the backyard (Ukraine) and only then talk about other challenges
I wonder what happened in the 90s….
As a tech worker, I don't believe there will be any significant improvements at the EU scale, though there may be some in markets like Poland. However, the major markets are unlikely to become competitive for two main reasons:
Language barrier: In Germany, they still require a minimum of C1-level German for work. For foreign talent, this is a difficult skill to acquire, and it's questionable whether it's worth the investment.
Salaries: European markets offer poor salaries to software engineers. They aren't making substantial income. For instance, a senior engineer living in a tech hub like Berlin might barely save 600-700 euros per month. In contrast, the US offers much better pay. Perhaps it's time to reconsider the taxation system.
Make EU great again? When, how?
The way I see it, the EU is crashing every countries economy with the crazy "Green Agenda". It is used to get more tax money in, making society more uneven.
And now, there is a new fool in the parliament, Dan Jรธrgensen, working with energy!? That fool is against nuclear power, but pro sun and wind! Sky rocketing prices for land in Denmark, and who is going to pay for it, for this Utopia? Yes, the user!! What about biodiversety? What about the countryside?
The Eu is working hard, really hard, to make common people poor, and the rich richer.
AND NO, I AM NOT A SOCIALIST!