Europe's PLAN to Challenge China and the US | Draghi Report Explained

Draghi just dropped a bombshell EU Competitiveness Report! 🇪🇺 Can Europe close the growing gap with China and the US, or is it too late? Watch to see why Draghi says Europe is on the brink—and what MUST be done to stay competitive. 🌍⚡

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[milesludi]

Draghi’s proposal is clear and insightful. We NEED more cooperation. Alone we are destined to fizzle, together we can thrive. In difference, in culture, in independence, we need to form a united front. Europe stayed on the sidelines for too long. Time to get back to the top.

[philmalatino]

I'll never understand why Draghi is the one proposing stuff and not the one deciding stuff. We need him and people with his mindset and experience to lead Europe, not just sitting behind and just continuing to propose without being listened.

[albevanhanoy]

Let's hope Europe starts to act now. We need to rebound from stagnation and austerity, and individual countries are not capable of this. Only a strong union can face the challenges ahead.

[bearcubdaycare]

A look at German reaction to tech...shutting nuclear, switching back to coal, burning cars at the cleanest car factory in Europe...suggests an attitude to tech. Switching the focus away from Germany seems necessary. Other European countries are more pro tech. Germany is leading Europe the wrong direction.

[itscooldawgdonteventrip]

they make europe for old people. Europe must be turned into a place for growth of new people.
That's the only way the energy will be put back on.

[nrqoro]

It might look like a titanic challenge ahead of us, but isn't it hopeful to have the opportunity to build this together? We are more united than ever before. We have the vision, the talent, and the need. This is how the great comebacks begin. Let's do it and convince the rest of European powers that it is better to join. United we will flourish.

[tanyoivanov-personal]

3:00 The US tech companies uses much better methodologies than here in the EU. I used to always work for EU companies with outdated methodologies, but after I worked for a hudge US company I realised how less I know. Now I am back and I am sure, the EU is fragmented and not work as one unit and this is applied to the tech industry too.

[VillaDish]

I’ve been hopping for this video! It explained it perfectly Ty :)

[sebastiangruenfeld]

800 billion annually for how long? Overall I think Draghi is spot on. The Europe needs investment.

[TurntableTV]

They should also apply harsher sanctions against state members that don't stay within the deficit margins and don't uphold the rule of law. I am from Romania and the government public spending and inflation have gone through the roofs. All because of corrupt and incompetent politicians that don't care about economic growth and justice.

[ja_-]

Draghi is probably the knly person with such a respect within the EU. As I don't agree with some of the points of his plan, it's still a great one.

[MACAYCZ]

Finally someone in the EU, I can agree with.

[rokasbarasa]

I saw that the German finance minister already said no to this :(

[josedeville]

We lost 15% of gdp (respect to US) in 20 years. This lost has a name: Angela Merkel and her austerity.

[dprout]

Comparing GDPs is not the only indicator to be taken into account. One must also compare quality of life, social security, environment, living standards, food production etc. I am sure that in spite of Europe's high density of occupation, standards are higher in Europe than in China and the US.

[odysspanet]

Who would have thought that self imposed austerity would slow down growth and eventually lead to our loss of competitiveness

[Lando-kxso]

0:27 remember the EU expanded & took in many Eastern & central European countries with underdeveloped economies & also lost the UK the 2nd largest economy in Europe between 2002 & 2023

[Jimarass]

Lord Elrond was also clear: You will unite OR you will fall!

[fotoniknoise]

Draghi should be the EU commission president! Not Von Der Leyen!!!

[FNDMA]

Speaking Portuguese here: the reason for all these issues is because each country thinks nationaly and most countries in central and north europe look down to the rest as if they were lesser nations. They do not realise that those nations are not lesser nations and often times even more capable per individual then them. They however take advantage of lesser numbered populations that despite being hyper productive, cannot be competitive in generating productivity due to its numbers.


Example:
IT - we see French and German companies taking advantages of the lower wages in Portugal and Poland and despite having WAY more capable people in these places, they still keep management in Germany and France. These companies would thrive way more if the management was present on-site in Portugal and Poland.

It is this kind of fragmentation that we see. Burocracy is just a consequence of this way of thinking, not a cause.