Mario Draghi warns Europe is falling further behind US, China due to government complacency

One year after releasing a far-reaching report on European competitiveness, former ECB chief Mario Draghi warned the EU was falling further behind its peers and sharply criticised member states for their slow response and complacency. With Donald Trump’s tariffs biting and trade deficit with China widening, Draghi says that every challenge he had pointed out in his report has worsened, with no clear path to financing necessary investments.