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Market
What will be the EU's GDP growth rate in 2025?
3
Resolution / Starting Odds
Below 1% • 25%
1%-2% • 25%
2%-3% • 25%
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Eurostat, European Commission economic reports, major news outlets
Story
Mario Draghi Calls for €800 Billion EU Investment Boost, €750B/Year Spending
Sep 9, 2024, 09:06 AM
Former Italian Prime Minister Mario Draghi has called for the European Union to invest an additional €800 billion annually to enhance its competitiveness with the United States and China. Draghi emphasized the need for a new industrial strategy to prevent Europe from falling behind its global rivals. He also advocated for the EU to move towards regular joint debt issuance and the establishment of a capital markets union with a single regulator. The 'Draghi report' warns that weak growth threatens the EU's geopolitical relevance and its climate targets. Draghi also mentioned the necessity for the EU to spend an added €750 billion per year to compete globally.
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