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The Draghi Report
Mario Draghi
Sep 9, 2024
The Future of European Competitiveness
In his report of September 2024 Mario Draghi announces a "slow agony" for Europe if nothing changes. For the first time, a European leader recognizes the impact of Employment Protection Laws on disruptive innovation, where high-risk investment is key.
"EU companies face higher restructuring costs compared to their US peers, which places them in a position of huge disadvantage in highly innovative sectors characterised by the winner-takes-most dynamics."
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