EU leaders prepare for economic reforms in response to Trump's political comeback
EU leaders are set to discuss major economic reforms in response to Donald Trump's return to U.S. politics. A report by former European Central Bank head Mario Draghi highlights the need for an additional 800 billion euros annually to keep pace with the U.S.
The report calls for increased investment, common borrowing, and reforms to competition policy. However, Germany and other northern countries oppose joint debt financing, complicating discussions on funding sources. Leaders aim to explore various financing options but concrete proposals will take time.
While there is consensus on the need for action, the path forward remains uncertain. Leaders agree on the necessity of deepening cooperation and creating unified markets, but actual implementation of reforms may face significant challenges.