Draghi asks Europe to respond to the agony of globalization with more interventionism. The former president of the ECB finalizes the report that the EU has commissioned him on European competitiveness.
He warns that the green and technological transition will be expensive and that it will be necessary to tolerate more inflation to finance it. The European economy is treading troubled waters. It faces serious competitiveness problems due to higher energy costs, has been left behind in the field of innovation and technology, and is suffering from a crisis in its industrial model.