Italian ex-premier and former
European Central Bank President Mario Draghi said Tuesday that
his upcoming report on boosting the EU's competitiveness will
call for radical reforms.
"We need a European Union that is fit for the world of today and
tomorrow," Draghi said at a high-level conference on social
rights in La Hulpe organised by the Belgian EU duty presidency.
"What I propose in my report is a radical change: this is what
we need".
European Commission President Ursula von der Leyen tasked Draghi
with compiling proposals on how the EU's economy can face up to
competition from China and the United States.
The report is expected to come out in June.
"I believe that the political cohesion of our Union demands that
we act together, always if possible," Draghi said.
"We must be aware of the fact that political cohesion is
threatened by changes in the rest of the world.
"Restoring our competitiveness is not something we can achieve
alone or by competing with each other. It requires us to act as
the European Union in a way we have never done before".
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