OPEN LETTER/ Come to the dialogue and listen to me speak, otherwise I will cut off your scholarships, you will rot in prison. Please!

 Kliko këtu për të tjera
Voxpress:

Former head of the European Central Bank: EU economy, before an "existential" crisis

2024-09-10 08:10:12Kosova&Bota SHKRUAR NGA REDAKSIA VOX

Former head of the European Central Bank: EU economy, before an

"Europe has lost the digital revolution caused by the Internet as well as the productivity gains associated with it", the former head of the ECB, Mario Draghi, states in his report.

The President of the EU Commission, Ursula von der Leyen, has authorized the 77-year-old Draghi to conduct an analysis of the EU's competitiveness. In it, Draghi draws attention to the fact that the European Union is weak in new technologies, which will promote future economic growth. Only four of the 50 largest tech companies are European firms.

In the background of competition from the USA and China, the former prime minister of Italy, Draghi notes, that the Europeans are facing an "existential challenge". Without higher productivity Europe cannot "be a leader in the field of new technologies, nor a beacon in responsibility for the climate and an independent actor on the world stage". Even the European social model can no longer be financed. Writes the Italian in his strategic analysis.

"Massive investments absolutely necessary"

Draghi calls on the EU for massive investments in the economy, defense and climate protection. "Additional minimal annual investments in the amount of 750 to 800 billion euros" are also necessary, he advises. To achieve this goal, the former head of the ECB recommends taking on new debts in the community, as was done recently in the case of the coronavirus pandemic.

Even the president of the EU Commission, Ursula von der Leyen, considers the instruments for financing the community as important. But it is also possible to use the financial means of the relevant country, which includes import customs and EU quotas for plastics, von der Leyen said when asked about the resistance of the German government against new debts in the community. EU member states should decide on this.

During the pandemic, the EU organized a small amount of aid financed with loans in the amount of 750 billion euros. Countries such as Italy and France have since been calling for a new package, citing increased spending on defense and climate protection. But Germany and the Netherlands consider the new debts in the community as a red line.

"Climate policy must be better coordinated"

Referring to the sectors with harmful gas emissions for the climate, such as heavy industry and transport, Draghi recommends that the EU better regulate the climate policy. If all political measures are harmonized with the objectives for the climate, it is "very possible that the reduction of carbon dioxide emissions, decarbonization in the atmosphere, will be a chance for economic growth", he said in a press conference.

Von der Leyen wants to make the EU climate-neutral with the Green Deal program by 2050, that is, that Europe no longer emits more greenhouse gases than it can save. Before the elections for the EU Parliament, the German Christian Democrat politician von der Leyen, in June under pressure from conservatives and liberals, declared that she would make some concessions regarding the conditions imposed on the environment./DW


Në përputhje me standarded JTI

Video

SHIKO KANALIN NE YOUTUBE
×