The European Union needs far more coordinated industrial policy, more rapid decisions and massive investment if it wants to keep pace economically with...
BRUSSELS - The European Union needs far more coordinated industrial policy, more rapid decisions and massive investment if it wants to keep pace economically with rivals the United States and China, Mario Draghi said on Monday in a long awaited report.
EU countries had already responded to the new realities, Draghi's report said, but their effectiveness was limited by a lack of coordination. EU growth had been persistently slower than that of the United States in the past two decades and China was rapidly catching up. Much of the gap was down to lower productivity.
European Central Bank European Union EU Countries European Commission
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EV tariffs could hurt European companies and industry, Polestar CFO saysImport tariffs imposed by the European Union and the United States on China-made electric vehicles will harm European based companies, the chief financial...
Read more »
Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in SeptemberFRANKFURT, Germany (AP) — Inflation in the 20 European Union countries that use the euro fell sharply to 2.2% in August, opening the door for the European...
Read more »
CanMNT storylines to watch ahead of the European club seasonMatt Scianitti has a look at the storylines to follow as the European club season becomes the next stage for Canada's men to build on their summertime momentum.
Read more »
European Energy Prices Surge as Russia Supply-Risk Buoys Gas(Bloomberg) -- European energy prices surged, with natural gas extending last week’s advance following concerns about Russian pipeline supplies across...
Read more »
Dispossessor ransomware group shut down by US, European authoritiesThe globally active criminal ransomware group Radar/Dispossessor, which targeted at least dozens of companies in sectors including healthcare and transport, ...
Read more »
European shares inch higher ahead of key US dataEuropean shares edged higher on Tuesday as investors awaited key U.S. economic data later in the day for more clues on the Federal Reserve's next rate move, ...
Read more »