Mario Draghi proposed a new Marshall plan in investmemnts from national governments.
Mario Draghi wrote a report on European productivity and on why there is such a glaring disparity in productivity with the US.
Mario Draghi is an Italian economist and statesman, who was credited with saving the Euro back in 2012. He made a famous speech saying the European Central Bank would "do whatever it takes to save the Euro", which is credited which restoring faith in the European financial institutions underwriting the Eurozone.
Until 2009-11 EU productivty and GDP was broadly comparable with the US. In the 1990s/2000s Europe had a chance to compete with the US in IT but in todays world that has largely ended.
The chance of creating an European hyperscaler for cloud computing as an example looks to be extremely remote.
Draghi mentions that the educational institutions are not competitive enough and that captial markets need to be integrated. Also that Europe needs to give up trying to create a new Apple or Google and just focus on using the innovations generated by the IT revolution such as LLM's to just leapfrog into future industries and Green technologies.
To retain key competencies in cloud computing but not allocating billions in the hope of creating a trillion dollar enterprise.
What would any posters here propose? Please refrain from doomerism or that it is hopeless.
Mario Draghi wrote a report on European productivity and on why there is such a glaring disparity in productivity with the US.
Mario Draghi is an Italian economist and statesman, who was credited with saving the Euro back in 2012. He made a famous speech saying the European Central Bank would "do whatever it takes to save the Euro", which is credited which restoring faith in the European financial institutions underwriting the Eurozone.
Until 2009-11 EU productivty and GDP was broadly comparable with the US. In the 1990s/2000s Europe had a chance to compete with the US in IT but in todays world that has largely ended.
The chance of creating an European hyperscaler for cloud computing as an example looks to be extremely remote.
Draghi mentions that the educational institutions are not competitive enough and that captial markets need to be integrated. Also that Europe needs to give up trying to create a new Apple or Google and just focus on using the innovations generated by the IT revolution such as LLM's to just leapfrog into future industries and Green technologies.
To retain key competencies in cloud computing but not allocating billions in the hope of creating a trillion dollar enterprise.
What would any posters here propose? Please refrain from doomerism or that it is hopeless.