Draghi calls for EU common borrowing, end to national vetoes
Draghi calls for EU common borrowing, end to national vetoes
The former Italian prime minister proposes "radical change" as the bloc faces aggressive competition from China and the US. Draghi touts use of controversial eurobonds; proposed plan for decarbonisation and competitiveness could entail defensive trade measures, he says. #EuropeDecoded
The former Italian prime minister proposes "radical change" as the bloc faces aggressive competition from China and the US. Draghi touts use of controversial eurobonds; proposed plan for decarbonisation and competitiveness could entail defensive trade measures, he says.
Unfortunately Orbán would veto the veto removal
Wow, this sounds almost Keynesian. It might actually help the EU get out of the neoliberal rut.
The EU already moved in that direction with Next Generation EU, a several-hundred-billion-euro investment plan that came in the wake of COVID-19 – but the idea has raised fears of subsidising weaker member states, among “frugal” member states such as von der Leyen's Germany.
Germany should fuck right off and get rid of its self imposed austerity "debt brake" law while at it. They and everyone else needs public investment and lots of it, especially if we're to deal with climate change on time.
Also according to Guardian
Daniel Fiott, head of the defence and statecraft programme at the Centre for Security, Diplomacy and Strategy, has summarised the main points in X
90 references to “defence”. Key points:
👉🏻 defence industry too fragmented 👉🏻 too many capability duplicates 👉🏻 not investing in EU suppliers 👉🏻 common procurement needed 👉🏻 defence fuels growth 👉🏻 need more investment 👉🏻 integrate AI into defence 👉🏻 private finance And more.