European Parliament throws weight behind Draghi report

Reacting to the report, the Centre for European Reform questioned whether the bloc’s leaders will be willing to implement its findings.

It wrote: “Draghi’s report represents a much-needed reality check for the EU’s ambitions. European leaders must address the lack of support for disruptive innovation in Europe and the difficulty entrepreneurs face in commercialising their ideas and scaling up. The report provides useful policy prescriptions, even paradigm shifts in some cases, through several key policies outlined below. Draghi also asks the EU to get serious about closing the staggering €750-800bn investment gap to meet its decarbonisation, digitalisation, defence and growth ambitions.”