Podcast appearances and mentions of Mario Draghi

With the election of Chancellor Friedrich Merz and the formation of a new German government, expectations are mounting for revitalised German leadership at the heart of Europe. As the EU grapples with a formidable economic policy agenda, shaped by the landmark reports of Enrico Letta and Mario Draghi and influenced by shifting global dynamics under a new U.S. administration, the question arises: where does Europe go from here? In his address to the IIEA, Johannes Lindner, Co-Director of the Jacques Delors Centre at the Hertie School in Berlin,offers a unique vantage point on the evolving policy landscape from Berlin and Brussels. He discusses the EU's ability to find consensus and deliver on key economic issues, such as common industrial policy, budget reform, increased defence spending, financial integration, regulatory simplification, and transatlantic trade. About the Speaker: Johannes Lindner is Co-Director of the Jacques Delors Centre at the Hertie School in Berlin, where he leads the Centre's think tank work on economic and financial policy. He also teaches at the Hertie School and is an Honorary Professor at Aston University, Birmingham. From 2003 to 2022, he worked at the European Central Bank (ECB), including ten years as Head of the EU Institutions and Fora Division. He holds master's degrees from the London School of Economics and the University of Cologne and completed his PhD in political science at the University of Oxford.

A Coimbra, Mario Draghi lancia un appello forte all'Europa: serve un'azione rapida e concreta su competitività, difesa e decarbonizzazione. Il contesto globale - con il declino dell'ordine multilaterale e il ricorso a dazi unilaterali - impone una svolta. Draghi sottolinea che il debito comune UE è cruciale per finanziare spese condivise, soprattutto per la difesa. I prezzi alti dell'energia e le lacune infrastrutturali minacciano la tenuta industriale e la transizione green. Il presidente Mattarella, intervenuto dopo, rilancia l'urgenza citando Puccini: “Nessun dorma” deve essere il motto dell'Europa. Il commento è di Mario Deaglio, professore emerito di Economia Internazionale, Università di Torino.Ex Ilva, con stop altoforno 1 sale subito la cassa integrazioneDopo l'incendio all'altoforno 1 dello stabilimento ex Ilva di Taranto, la cassa integrazione straordinaria nel gruppo Acciaierie d'Italia sale subito a 4.046 lavoratori. Il blocco dell'impianto, sequestrato dalla Procura, incide su produzione e indotto. L'azienda segnala ritardi nei permessi per la messa in sicurezza e valuta un'ulteriore estensione della cassa, che potrebbe arrivare fino a 5.500 dipendenti. Il ministro Urso assicura che i 100 milioni per l'integrazione del prestito ponte sono in arrivo. Ne parliamo con Domenico Palmiotti, Il Sole 24 Ore, TarantoA NetZero Milan si parla della sfida della decarbonizzazioneParte oggi a Milano NetZero Milan 2025, evento internazionale sulla decarbonizzazione promosso da Fiera Milano. In programma fino al 16 maggio, ospita oltre 140 speaker e 12 conferenze verticali. L'obiettivo è creare un dialogo tra imprese, istituzioni e finanza per accelerare la transizione green. Per centrare i target 2030 serviranno 480 miliardi l'anno in investimenti sostenibili. Crescono intanto gli investimenti privati: nel 2024 il private equity italiano ha toccato i 14,9 miliardi, +83% rispetto al 2023. Interviene: Carlo Cici (nella foto), Partner & Head of Sustainability Practice, The European House - Ambrosetti

Ruim de helft van de Amerikanen is linksom of rechtsom ‘belegd’ in de economie – direct, via levensverzekering of pensioen. In de eurolanden ligt dat percentage tussen de 10 en 20 procent, zegt macro-econoom Edin Mujagic, wiens gedachten meteen uitgingen naar het inmiddels roemruchte rapport van voormalig ECB-baas Mario Draghi. ‘Één van zijn aanbevelingen is om het Europese geld, dat er wel degelijk is, meer te mobiliseren, door Europeanen meer te laten beleggen.’ Vooralsnog lijkt dat ijdele hoop: als het aan Draghi ligt gaan Europeanen simpelweg meer op Amerikanen lijken, en wordt beleggen een stuk populairder, ten koste van de grote spaartraditie, zegt Mujagic. ‘Ook Nederland hebben we momenteel zo’n 500 miljard euro op onze spaarrekeningen staan. En dat is toch geld dat niet actief bijdraagt aan het doel dat we met elkaar hebben, namelijk een betere euro-economie.’ See omnystudio.com/listener for privacy information.

A Coimbra, Mario Draghi lancia un appello forte all’Europa: serve un’azione rapida e concreta su competitività, difesa e decarbonizzazione. Il contesto globale - con il declino dell’ordine multilaterale e il ricorso a dazi unilaterali - impone una svolta. Draghi sottolinea che il debito comune UE è cruciale per finanziare spese condivise, soprattutto per la difesa. I prezzi alti dell’energia e le lacune infrastrutturali minacciano la tenuta industriale e la transizione green. Il presidente Mattarella, intervenuto dopo, rilancia l’urgenza citando Puccini: “Nessun dorma” deve essere il motto dell’Europa. Ne parliamo con Mario Deaglio professore emerito di Economia Internazionale, Università di Torino.Ex Ilva, con stop altoforno 1 sale subito la cassa integrazione Dopo l’incendio all’altoforno 1 dello stabilimento ex Ilva di Taranto, la cassa integrazione straordinaria nel gruppo Acciaierie d’Italia sale subito a 4.046 lavoratori. Il blocco dell’impianto, sequestrato dalla Procura, incide su produzione e indotto. L’azienda segnala ritardi nei permessi per la messa in sicurezza e valuta un’ulteriore estensione della cassa, che potrebbe arrivare fino a 5.500 dipendenti. Il ministro Urso assicura che i 100 milioni per l’integrazione del prestito ponte sono in arrivo. Interviene Domenico Palmiotti, Il Sole 24 Ore, Taranto.A NetZero Milan si parla della sfida della decarbonizzazioneParte oggi a Milano NetZero Milan 2025, evento internazionale sulla decarbonizzazione promosso da Fiera Milano. In programma fino al 16 maggio, ospita oltre 140 speaker e 12 conferenze verticali. L’obiettivo è creare un dialogo tra imprese, istituzioni e finanza per accelerare la transizione green. Per centrare i target 2030 serviranno 480 miliardi l’anno in investimenti sostenibili. Crescono intanto gli investimenti privati: nel 2024 il private equity italiano ha toccato i 14,9 miliardi, +83% rispetto al 2023. Approfondiamo il tema con Carlo Cici, Partner & Head of Sustainability Practice, The European House - Ambrosetti.

De welvaart van Europa loopt gevaar als onze bedrijven niet snel concurrerender worden, waarschuwde oud ECB-president Mario Draghi bijna negen maanden geleden in een geruchtmakend rapport. De Tweede Kamer vergadert er pas morgen over. Sven vraagt VVD-Kamerlid Claire Martens waarom dat zo lang moest duren. Sven op 1 is een programma van Omroep WNL. Meer van WNL vind je op onze website en sociale media: ► Website: https://www.wnl.tv  ► Facebook: https://www.facebook.com/omroepwnl  ► Instagram: https://www.instagram.com/omroepwnl ► Twitter: https://www.twitter.com/wnlvandaag ► Steun WNL, word lid: https://www.steunwnl.tv ► Gratis Nieuwsbrief: https://www.wnl.tv/nieuwsbrief 

Cet épisode s'inscrit dans une série de rencontres avec des patrons de sociétés du CAC 40.Sur GDIY nous recevons habituellement uniquement des personnes qui se sont lancées par elles-mêmes : des entrepreneurs, artistes, sportifs…Avec cette série, j'ai pour ambition de découvrir et comprendre comment s'opèrent de tels mastodontes depuis l'intérieur, sur du temps long. Au-delà des éléments de langage, au-delà de la politique, au-delà des clichés.Christel Heydemann fait partie du cercle très restreint des 4 femmes qui dirigent des sociétés cotées au CAC 40.Ingénieure polytechnicienne née dans une famille de scientifiques, elle a d'abord fait ses armes chez Alcatel, puis chez Schneider Electric, avant de rejoindre Orange comme administratrice… et d'en prendre les rênes en 2022, à la suite d'un processus de recrutement inédit.Christel nous plonge au cœur d'un mastodonte de 135 000 collaborateurs, qui pèse près de 45 milliards d'euros de chiffre d'affaires et dont l'État détient 30 % des droits de vote.Dans cet échange, Christel raconte comment maintenir l'agilité et l'innovation dans un groupe aux nombreuses filiales :Du premier iPhone à la 5G, du cuivre à la fibre : comprendre les grandes bascules technologiquesInnovation interne vs externe : comment repérer, protéger et accélérer les étincelles entrepreneuriales au sein d'un grand groupeL'importance de viser une vraie souveraineté numérique en matière de donnéesAddiction aux écrans : le rôle d'Orange dans l'éducation aux bonnes pratiques et le contrôle parentalComment masteriser la couverture d'un événement comme les JO 2024Un échange profond et passionnant, avec une dirigeante brillante, qui excelle dans sa capacité à pousser l'innovation à tous les niveaux.TIMELINE:00:03:00 : comment anticiper les ruptures technologiques00:13:53 : CEO du CAC40 : un processus de recrutement inédit00:21:08 : l'actionnariat aussi varié que complexe du groupe00:30:17 : comment être pertinente sur chaque sujet : cybersécurité, ingénierie marine, télécoms00:37:51 : faire de ses forces internes les plus grandes sources d'innovation00:46:29 : Starlink, seule innovation des télécoms sur les 10 dernières années ?00:53:40 : comment maintenir la compétitivité européenne01:01:36 : l'influence d'Orange sur la jeunesse et la dépendance au numérique01:14:47 : naviguer dans un marché ultra-impacté par la régulation01:28:27 : Pourquoi les femmes sont sous-représentée dans les hautes fonctions ?01:38:10 : utiliser l'IA sans sacrifier ses données01:52:32 : "le plus dur, c'est de licencier des collaborateurs"Les anciens épisodes de GDIY mentionnés : #79 - Fred Potter - Netatmo - Apprendre à programmer à 13 ans et devenir l'un des piliers des objets connectés#321 - Georges-Olivier Reymond - Pasqal - Et si le leader mondial du Quantum Computing était Français ?#293 - Théau Peronnin - Alice & Bob - La course à l'ordinateur quantique pour remporter la révolution technologiqueNous avons parlé de :La répartition de l'actionnariat d'OrangeLes JO de Paris 2024 : un défi hors-normes - Réseaux OrangeOrange MarineOrange CyberdefenseStéphane Richard, prédécesseur de Christel à la tête d'OrangeDéfinition “Bypasser”Ovni CapitalRésumé du rapport Mario Draghi sur l'avenir de la compétitivité EuropéenneLa cité des télécomsL'horreur existentielle de l'usine à trombonesParnasse | La marque sur-mesure d'OrangeLes recommandations de lecture : Et c'est ainsi que nous vivrons - Douglas KennedyVous pouvez suivre Christel sur LinkedIn.Vous souhaitez sponsoriser Génération Do It Yourself ou nous proposer un partenariat ?Contactez mon label Orso Media via ce formulaire.Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

À force de vociférer contre l'OTAN, de menacer l'Ukraine et de s'attaquer à la banque centrale américaine, Donald Trump a fait plus pour l'Europe que ce que vingt sommets européens n'ont jamais réussi à faire : il a réveillé un continent qui roupillait. Merci, Donald, d'avoir réussi là où la Banque centrale européenne a échoué, c'est-à-dire faire remonter l'euro. Résultat : les capitaux fuient les États-Unis pour se loger en Europe. Merci, Donald, d'avoir offert à l'Allemagne un prétexte pour abandonner son austérité. Même le sacro-saint frein à l'endettement a été mis entre parenthèses. Vous avez réussi à faire changer d'avis les Allemands. Merci, Donald, de donner un sens nouveau au mot "chaos". Car, dans le brouillard que vous créez à chaque tweet, les investisseurs cherchent des refuges. Et ils découvrent que l'Europe, malgré ses lenteurs, peut être un havre de stabilité. Merci, Donald, de nous rappeler, par la menace, l'urgence d'un vrai marché unique. Votre chaos nous redonne de la clarté. Merci, Donald, d'être un négociateur de souk. Votre art du deal, c'est surtout l'art du bruit. Mais ce bruit-là, paradoxalement, permet à l'Europe de se remettre en ordre de marche. Merci de faire tomber les masques. Votre imprévisibilité oblige l'Europe à penser à long terme, à parler souveraineté, à se projeter stratégiquement. Vous êtes donc le plus grand agent de transformation involontaire du Vieux Continent. Merci, Donald Trump. Et surtout, continuez comme ça. Mots-clés : consistance, Danemark, pro-americain, doute, Jerome Powell, président, banque centrale américaine, FED, Russie, droits de douane, dollar, fonds européen, bourse,infrastructure, défense, armée, armement, investissement, constitution, oligarque, tech, Ursula von der Leyen, règle, prévisibilité, opportunité, Mario Draghi, calcul, biens, services, apocalypse, annonce, ristourne, moteur, changement --- La chronique économique d'Amid Faljaoui, tous les jours à 8h30 et à 17h30. Merci pour votre écoute Pour écouter Classic 21 à tout moment i: https://www.rtbf.be/radio/liveradio/classic21 ou sur l'app Radioplayer Belgique Retrouvez tous les épisodes de La chronique économique sur notre plateforme Auvio.be :https://auvio.rtbf.be/emission/802 Et si vous avez apprécié ce podcast, n'hésitez pas à nous donner des étoiles ou des commentaires, cela nous aide à le faire connaître plus largement. Découvrez nos autres podcasts : Le journal du Rock : https://audmns.com/VCRYfsPComic Street (BD) https://audmns.com/oIcpwibLa chronique économique : https://audmns.com/NXWNCrAHey Teacher : https://audmns.com/CIeSInQHistoires sombres du rock : https://audmns.com/ebcGgvkCollection 21 : https://audmns.com/AUdgDqHMystères et Rock'n Roll : https://audmns.com/pCrZihuLa mauvaise oreille de Freddy Tougaux : https://audmns.com/PlXQOEJRock&Sciences : https://audmns.com/lQLdKWRCook as You Are: https://audmns.com/MrmqALPNobody Knows : https://audmns.com/pnuJUlDPlein Ecran : https://audmns.com/gEmXiKzRadio Caroline : https://audmns.com/WccemSkAinsi que nos séries :Rock Icons : https://audmns.com/pcmKXZHRock'n Roll Heroes: https://audmns.com/bXtHJucFever (Erotique) : https://audmns.com/MEWEOLpEt découvrez nos animateurs dans cette série Close to You : https://audmns.com/QfFankxDistribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

Last Autumn's report by Mario Draghi was designed to ignite action throughout Europe and force it to focus less on regulation and more on competitiveness. Now in light of the global trade war, Ireland may need to step up its efforts to make its companies thrive on a global stage and be a bit less dependent on the US. Now the Government says it's accelerating the competitiveness and productivity action plan. But what's in it and what can be done given Ireland's notoriously slow legal and planning system. Joe spoke to Alan Dillon is the Minister of State for Small Businesses and Retail.

It's official. The American Dream is dead. And it's been resurrected in Europe where, according to the FT columnist Simon Kuper, disillusioned Americans should relocate. Compared with the United States, Kuper argues, Europe offers the three key metrics of a 21st century good life: “four years more longevity, higher self-reported happiness and less than half the carbon emissions per person”. So where exactly to move? The Paris based Kuper believes that his city is the most beautiful in Europe. He's also partial to Madrid, which offers Europe's sunniest lifestyle. And even London, in spite of all its post Brexit gloom, Kuper promises, offers American exiles the promise of a better life than the miserable existence which they now have to eek out in the United States. Five Takeaways* Quality of Life.:Kuper believes European quality of life surpasses America's for the average person, with Europeans living longer, having better physical health, and experiencing less extreme political polarization.* Democratic Europe vs Aristocratic America: While the wealthy can achieve greater fortunes in America, Kuper argues that Europeans in the "bottom 99%" live longer and healthier lives than their American counterparts.* Guns, Anxiety and the Threat of Violence: Political polarization in America creates more anxiety than in Europe, partly because Americans might be armed and because religion makes people hold their views more fervently.* MAGA Madness: Kuper sees Trump as more extreme than European right-wing leaders like Italy's Meloni, who governs as "relatively pro-European" and "pro-Ukrainian."* It's not just a Trump thing. Kuper believes America's declining international credibility will persist even after Trump leaves office, as Europeans will fear another "America First" president could follow any moderate administration.Full TranscriptAndrew Keen: Hello everybody. It's Monday, April the 21st, 2025. This conversation actually might go out tomorrow on the 22nd. Nonetheless, the headlines of the Financial Times, the world's most global economic newspaper, are miserable from an American point of view. US stocks and the dollar are sinking again as Donald Trump renews his attack on the Fed chair Jay Powell. Meanwhile Trump is also attacking the universities and many other bastions of civilization at least according to the FT's political columnist Gideon Rachman. For another FT journalist, my guest today Simon Kuper has been on the show many times before. All this bad news about America suggests that for Americans it's time to move to Europe. Simon is joining us from Paris, which Paris is that in Europe Simon?Simon Kuper: I was walking around today and thinking it has probably never in its history looked as good as it does now. It really is a fabulous city, especially when the sun shines.Andrew Keen: Nice of them where I am in San Francisco.Simon Kuper: I always used to like San Francisco, but I knew it before every house costs $15 million.Andrew Keen: Well, I'm not sure that's entirely true, but maybe there's some truth. Paris isn't exactly cheap either, is it? Certainly where you live.Simon Kuper: Cheaper than San Francisco, so I did for this article that you mentioned, I did some research on house prices and certainly central Paris is one of the most expensive areas in the European Union, but still considerably cheaper than cities like New York and San Francisco. A friend of mine who lives here told me that if she moved to New York, she would move from central Paris to for the same price living in some very, very distant suburb of New York City.Andrew Keen: Your column this week, Americans, it's time to move to Europe. You obviously wrote with a degree of relish. Is this Europe's revenge on America that it's now time to reverse the brain drain from Europe to America? Now it's from America to Europe.Simon Kuper: I mean, I don't see it as revenge. I'm a generally pro-American person by inclination and I even married an American and have children who are American as well as being French and British. So when I went to the US as firstly as a child, age 10, 11, I was in sixth grade in California. I thought it was the most advanced, wonderful place in the world and the sunshine and there was nowhere nice than California. And then I went as a student in my early 20s. And again, I thought this was the early 90s. This is the country of the future. It's so much more advanced than Europe. And they have this new kind of wise technocratic government that is going to make things even better. And it was the beginning of a big American boom of the 90s when I think American quality of life reached its peak, that life expectancy was reached, that was then declined a long time after the late 90s. So my impressions in the past were always extremely good, but no longer. The last 20 years visiting the US I've never really felt this is a society where ordinary people can have as good a life as in Europe.Andrew Keen: When you say ordinary people, I mean, you're not an ordinary person. And I'm guessing most of the people you and your wife certainly isn't ordinary. She's a well known writer. In fact, she's written on France and the United States and parenthood, very well known, you are well known. What do you mean by ordinary people?Simon Kuper: Yeah, I mean, it's not entirely about me. Amazingly, I am not so egomaniac as to draw conclusions on some matters just looking at my own situation. What I wrote about the US is that if you're in the 1% in the US and you are pursuing great wealth in finance or tech and you have a genuine shot at it, you will achieve wealth that you can't really achieve in Europe. You know, the top end of the US is much higher than in Europe. Still not necessarily true that your life will be better. So even rich Americans live shorter than rich Europeans. But OK, so the 1% America really offers greater expansion opportunities than Europe does. Anywhere below that, the Europeans in the bottom 99%, let's say, they live longer than their American equivalents. They are less fat, their bodies function better because they walk more, because they're not being bombarded by processed food in the same way. Although we have political polarization here, it's not as extreme as in the US. Where I quote a European friend of mine who lives in the American South. He says he sometimes doesn't go out of his house for days at a time because he says meeting Trump supporters makes him quite anxious.Andrew Keen: Where does he live? I saw that paragraph in the piece, you said he doesn't, and I'm quoting him, a European friend of mine who lives in the American South sometimes doesn't leave his house for days on end so as to avoid running into Trump supporters. Where does he live?Simon Kuper: He lives, let me say he lives in Georgia, he lives in the state of Georgia.Andrew Keen: Well, is that Atlanta? I mean, Atlanta is a large town, lots of anti-Trump sentiment there. Whereabouts in Georgia?Simon Kuper: He doesn't live in Atlanta, but I also don't want to specify exactly where he lives because he's entitled.Andrew Keen: In case you get started, but in all seriousness, Simon, isn't this a bit exaggerated? I mean, I'm sure there are some of your friends in Paris don't go outside the fancy center because they might run into fans of Marine Le Pen. What's the difference?Simon Kuper: I think that polarization creates more anxiety in the US and is more strongly felt for a couple of reasons. One is that because people might be armed in America, that gives an edge to any kind of disagreement that isn't here in Europe. And secondly, because religion is more of a factor in American life, people hold their views more strongly, more fervently, then. So I think there's a seriousness and edge to the American polarization that isn't quite the same as here. And the third reason I think polarization is worse is movement is more extreme even than European far-right movements. So my colleague John Byrne Murdoch at the Financial Times has mapped this, that Republican views from issues from climate to the role of the state are really off the charts. There's no European party coeval to them. So for example, the far-right party in France, the Rassemblement National, doesn't deny climate change in the way that Trump does.Andrew Keen: So, how does that contextualize Le Pen or Maloney or even the Hungarian neo-authoritarians for whom a lot of Trump supporters went to Budapest to learn what he did in order to implement Trump 2.0?Simon Kuper: Yeah, I think Orban, in terms of his creating an authoritarian society where the universities have been reined in, where the courts have been rained in, in that sense is a model for Trump. His friendliness with Putin is more of a model for Trump. Meloni and Le Pen, although I do not support them in any way, are not quite there. And so Meloni in Italy is in a coalition and is governing as somebody relatively pro-European. She's pro-Ukrainian, she's pro-NATO. So although, you know, she and Trump seem to have a good relationship, she is nowhere near as extreme as Trump. And you don't see anyone in Europe who's proposing these kinds of tariffs that Trump has. So I think that the, I would call it the craziness or the extremism of MAGA, doesn't really have comparisons. I mean, Orban, because he leads a small country, he has to be a bit more savvy and aware of what, for example, Brussels will wear. So he pushes Brussels, but he also needs money from Brussels. So, he reigns himself in, whereas with Trump, it's hard to see much restraint operating.Andrew Keen: I wonder if you're leading American liberals on a little bit, Simon. You suggested it's time to come to Europe, but Americans in particular aren't welcome, so to speak, with open arms, certainly from where you're talking from in Paris. And I know a lot of Americans who have come to Europe, London, Paris, elsewhere, and really struggled to make friends. Would, for Americans who are seriously thinking of leaving Trump's America, what kind of welcome are they gonna get in Europe?Simon Kuper: I mean, it's true that I haven't seen anti-Americanism as strong as this in my, probably in my lifetime. It might have been like this during the Vietnam War, but I was a child, I don't remember. So there is enormous antipathy to, let's say, to Trumpism. So two, I had two visiting Irish people, I had lunch with them on Friday, who both work in the US, and they said, somebody shouted at them on the street, Americans go home. Which I'd never heard, honestly, in Paris. And they shouted back, we're not American, which is a defense that doesn't work if you are American. So that is not nice. But my sense of Americans who live here is that the presumption of French people is always that if you're an American who lives here, you're not a Trumpist. Just like 20 years ago, if you are an American lives here you're not a supporter of George W. Bush. So there is a great amount of awareness that there are Americans and Americans that actually the most critical response I heard to my article was from Europeans. So I got a lot of Americans saying, yeah, yeah. I agree. I want to get out of here. I heard quite a lot of Europeans say, for God's sake, don't encourage them all to come here because they'll drive up prices and so on, which you can already see elements of, and particularly in Barcelona or in Venice, basically almost nobody lives in Venice except which Americans now, but in Barcelona where.Andrew Keen: Only rich Americans in Venice, no other rich people.Simon Kuper: It has a particular appeal to no Russians. No, no one from the gulf. There must be some there must be something. They're not many Venetians.Andrew Keen: What about the historical context, Simon? In all seriousness, you know, Americans have, of course, fled the United States in the past. One thinks of James Baldwin fleeing the Jim Crow South. Could the Americans now who were leaving the universities, Tim Schneider, for example, has already fled to Canada, as Jason Stanley has as well, another scholar of fascism. Is there stuff that American intellectuals, liberals, academics can bring to Europe that you guys currently don't have? Or are intellectuals coming to Europe from the US? Is it really like shipping coal, so to speak, to Newcastle?Simon Kuper: We need them desperately. I mean, as you know, since 1933, there has been a brain drain of the best European intellectuals in enormous numbers to the United States. So in 1933, the best university system in the world was Germany. If you measure by number of Nobel prizes, one that's demolished in a month, a lot of those people end up years later, especially in the US. And so you get the new school in New York is a center. And people like Adorno end up, I think, in Los Angeles, which must be very confusing. And American universities, you get the American combination. The USP, what's it called, the unique selling point, is you have size, you have wealth, you have freedom of inquiry, which China doesn't have, and you have immigration. So you bring in the best brains. And so Europe lost its intellectuals. You have very wealthy universities, partly because of the role of donors in America. So, you know, if you're a professor at Stanford or Columbia, I think the average salary is somewhere over $300,000 for professors at the top universities. In Europe, there's nothing like that. Those people would at least have to halve their salary. And so, yeah, for Europeans, this is a unique opportunity to get some of the world's leading brains back. At cut price because they would have to take a big salary cut, but many of them are desperate to do it. I mean, if your lab has been defunded by the government, or if the government doesn't believe in your research into climate or vaccines, or just if you're in the humanities and the government is very hostile to it, or, if you write on the history of race. And that is illegal now in some southern states where I think teaching they call it structural racism or there's this American phrase about racism that is now banned in some states that the government won't fund it, then you think, well, I'll take that pay cost and go back to Europe. Because I'm talking going back, I think the first people to take the offer are going to be the many, many top Europeans who work at American universities.Andrew Keen: You mentioned at the end of Europe essay, the end of the American dream. You're quoting Trump, of course, ironically. But the essay is also about the end of the America dream, perhaps the rebirth or initial birth of the European dream. To what extent is the American dream, in your view, and you touched on this earlier, Simon, dependent on the great minds of Europe coming to America, particularly during and after the, as a response to the rise of Nazism, Hannah Arendt, for example, even people like Aldous Huxley, who came to Hollywood in the 1930s. Do you think that the American dream itself is in part dependent on European intellectuals like Arendt and Huxley, even Ayn Rand, who not necessarily the most popular figure on the left, but certainly very influential in her ideas about capitalism and freedom, who came of course from Russia.Simon Kuper: I mean, I think the average American wouldn't care if Ayn Rand or Hannah Arendt had gone to Australia instead. That's not their dream. I think their American dream has always been about the idea of social mobility and building a wealthy life for yourself and your family from nothing. Now almost all studies of social ability say that it's now very low in the US. It's lower than in most of Europe. Especially Northern Europe and Scandinavia have great social mobility. So if you're born in the lower, say, 10% or 20% in Denmark, you have a much better chance of rising to the top of society than if you were born at the bottom 10%, 20% in the US. So America is not very good for social mobility anymore. I think that the brains that helped the American economy most were people working in different forms of tech research. And especially for the federal government. So the biggest funder of science in the last 80 years or so, I mean, the Manhattan Project and on has been the US federal government, biggest in the world. And the thing is you can't eat atom bombs, but what they also produce is research that becomes hugely transformative in civilian life and in civilian industries. So GPS or famously the internet come out of research that's done within the federal government with a kind of vague defense angle. And so I think those are the brains that have made America richer. And then of course, the number of immigrants who found companies, and you see this in tech, is much higher than the number percentage of native born Americans who do. And a famous example of that is Elon Musk.Andrew Keen: Yeah, and you were on the show just before Christmas in response to your piece about Musk, Thiel and the shadow of apartheid in South Africa. So I'm guessing you don't want the Musks and Thiels. They won't be welcome in Europe, will they?Simon Kuper: I don't think they want to go. I mean, if you want to create a tech company, you want very deep capital markets. You want venture capital firms that are happy to bet a few billion on you. And a very good place to do that, the best place in the world by far, is Silicon Valley. And so a French friend of mine said he was at a reception in San Francisco, surrounded by many, many top French engineers who all work for Silicon Valley firms, and he thought, what would it take them to come back? He didn't have an answer. Now the answer might be, maybe, well, Donald Trump could persuade them to leave. But they want to keep issuing visas for those kinds of people. I mean, the thing is that what we're seeing with Chinese AI breakthroughs in what was called DeepSeek. Also in overtaking Tesla on electric cars suggests that maybe, you know, the cutting edge of innovation is moving from Silicon Valley after nearly 100 years to China. This is not my field of expertise at all. But you know the French economist Thomas Filippon has written about how the American economy has become quite undynamic because it's been taken over by monopolies. So you can't start another Google, you can start another Amazon. And you can't build a rival to Facebook because these companies control of the market and as Facebook did with WhatsApp or Instagram, they'll just buy you up. And so you get quite a much more static tech scene than 30 years ago when really, you know, inventions, great inventions are being made in Silicon Valley all the time. Now you get a few big companies that are the same for a very long period.Andrew Keen: Well, of course, you also have OpenAI, which is a startup, but that's another conversation.Simon Kuper: Yeah, the arguments in AI is that maybe China can do it better.Andrew Keen: Can be. I don't know. Well, it has, so to speak, Simon, the light bulb gone off in Europe on all this on all these issues. Mario Draghi month or two ago came out. Was it a white paper or report suggesting that Europe needed to get its innovation act together that there wasn't enough investment or capital? Are senior people within the EU like Draghi waking up to the reality of this historical opportunity to seize back economic power, not just cultural and political.Simon Kuper: I mean, Draghi doesn't have a post anymore, as far as I'm aware. I mean of course he was the brilliant governor of the European Central Bank. But that report did have a big impact, didn't it? It had a big impact. I think a lot of people thought, yeah, this is all true. We should spend enormous fortunes and borrow enormous fortunes to create a massive tech scene and build our own defense industries and so on. But they're not going to do it. It's the kind of report that you write when you don't have a position of power and you say, this is what we should do. And the people in positions of power say, oh, but it's really complicated to do it. So they don't do it, so no, they're very, there's not really, we've been massively overtaken and left behind on tech by the US and China. And there doesn't seem to be any impetus, serious impetus to build anything on that scale to invest that kind of money government led or private sector led in European tech scene. So yeah, if you're in tech. Maybe you should be going to Shanghai, but you probably should not be going to Europe. So, and this is a problem because China and the US make our future and we use their cloud servers. You know, we could build a search engine, but we can't liberate ourselves from the cloud service. Defense is a different matter where, you know, Draghi said we should become independent. And because Trump is now European governments believe Trump is hostile to us on defense, hostile to Ukraine and more broadly to Europe, there I think will be a very quick move to build a much bigger European defense sector so we don't have to buy for example American planes which they where they can switch off the operating systems if they feel like it.Andrew Keen: You live in Paris. You work for the FT, or one of the papers you work for is the FT a British paper. Where does Britain stand here? So many influential Brits, of course, went to America, particularly in the 20th century. Everyone from Alfred Hitchcock to Christopher Hitchens, all adding enormous value like Arendt and Ayn Rand. Is Britain, when you talk of Europe, are you still in the back of your mind thinking of Britain, or is it? An island somehow floating or stuck between America, the end of the American dream and the beginning of the European dream. In a way, are you suggesting that Brits should come to Europe as well?Simon Kuper: I think Britain is floating quite rapidly towards Europe because in a world where you have three military superpowers that are quite predatory and are not interested in alliances, the US, China and Russia, the smaller countries, and Britain is a smaller country and has realized since Brexit that it is a small country, the small countries just need to ally. And, you know, are you going to trust an alliance with Trump? A man who is not interested in the fates of other countries and breaks his word, or would you rather have an alliance with the Europeans who share far more of your values? And I think the Labor government in the UK has quietly decided that, I know that it has decided that on economic issues, it's always going to prioritize aligning with Europe, for example, aligning food standards with Europe so that we can sell my food. They can sell us our food without any checks because we've accepted all their standards, not with the US. So in any choice between, you know, now there's talk of a potential US-UK trade deal, do we align our standards with the US. Or Europe? It's always going to be Europe first. And on defense, you have two European defense powers that are these middle powers, France and the UK. Without the UK, there isn't really a European defense alliance. And that is what is gonna be needed now because there's a big NATO summit in June, where I think it's going to become patently obvious to everyone, the US isn't really a member of NATO anymore. And so then you're gonna move towards a post US NATO. And if the UK is not in it, well, it looks very, very weak indeed. And if UK is alone, that's quite a scary position to be in in this world. So yeah, I see a UK that is not gonna rejoin the European Union anytime soon. But is more and more going to ally itself, is already aligning itself with Europe.Andrew Keen: As the worm turned, I mean, Trump has been in power 100 days, supposedly is limited to the next four years, although he's talking about running for a third term. Can America reverse itself in your view?Simon Kuper: I think it will be very hard whatever Trump does for other countries to trust him again. And I also think that after Trump goes, which as you say may not be in 2028, but after he goes and if you get say a Biden or Obama style president who flies to Europe and says it's all over, we're friends again. Now the Europeans are going to think. But you know, it's very, very likely that in four years time, you will be replaced by another America first of some kind. So we cannot build a long term alliance with the US. So for example, we cannot do long term deals to buy Americans weapons systems, because maybe there's a president that we like, but they'll be succeeded by a president who terrifies us quite likely. So, there is now, it seems to me, instability built in for the very long term into... America has a potential ally. It's you just can't rely on this anymore. Even should Trump go.Andrew Keen: You talk about Europe as one place, which, of course, geographically it is, but lots of observers have noted the existence, it goes without saying, of many Europe's, particularly the difference between Eastern and Western Europe.Simon Kuper: I've looked at that myself, yes.Andrew Keen: And you've probably written essays on this as well. Eastern Europe is Poland, perhaps, Czech Republic, even Hungary in an odd way. They're much more like the United States, much more interested perhaps in economic wealth than in the other metrics that you write about in your essay. Is there more than one Europe, Simon? And for Americans who are thinking of coming to Europe, should it be? Warsaw, Prague, Paris, Madrid.Simon Kuper: These are all great cities, so it depends what you like. I mean, I don't know if they're more individualistic societies. I would doubt that. All European countries, I think, could be described as social democracies. So there is a welfare state that provides people with health and education in a way that you don't quite have in the United States. And then the opposite, the taxes are higher. The opportunities to get extremely wealthy are lower here. I think the big difference is that there is a part of Europe for whom Russia is an existential threat. And that's especially Poland, the Baltics, Romania. And there's a part of Europe, France, Britain, Spain, for whom Russia is really quite a long way away. So they're not that bothered about it. They're not interested in spending a lot on defense or sending troops potentially to die there because they see Russia as not their problem. I would see that as a big divide. In terms of wealth, I mean, it's equalizing. So the average Pole outside London is now, I think, as well off or better than the average Britain. So the average Pole is now as well as the average person outside London. London, of course, is still.Andrew Keen: This is the Poles in the UK or the Poles.Simon Kuper: The Poles in Poland. So the Poles who came to the UK 20 years ago did so because the UK was then much richer. That's now gone. And so a lot of Poles and even Romanians are returning because economic opportunities in Poland, especially, are just as good as in the West. So there has been a little bit of a growing together of the two halves of the continent. Where would you live? I mean, my personal experience, having spent a year in Madrid, it's the nicest city in the world. Right, it's good. Yeah, nice cities to live in, I like living in big cities, so of big cities it's the best. Spanish quality of life. If you earn more than the average Spaniard, I think the average income, including everyone wage earners, pensioners, students, is only about $20,000. So Spaniards have a problem with not having enough income. So if you're over about $20000, and in Madrid probably quite a bit more than that, then it's a wonderful life. And I think, and Spaniards live about five years longer than Americans now. They live to about age 84. It's a lovely climate, lovely people. So that would be my personal top recommendation. But if you like a great city, Paris is the greatest city in the European Union. London's a great, you know, it's kind of bustling. These are the two bustling world cities of Europe, London and Paris. I think if you can earn an American salary, maybe through working remotely and live in the Mediterranean somewhere, you have the best deal in the world because Mediterranean prices are low, Mediterranean culture, life is unbeatable. So that would be my general recommendation.Andrew Keen: Finally, Simon, being very generous with your time, I'm sure you'd much rather be outside in Paris in what you call the greatest city in the EU. You talk in the piece about three metrics that show that it's time to move to Europe, housing, education, sorry, longevity, happiness and the environment. Are there any metrics at all now to stay in the United States?Simon Kuper: I mean, if you look at people's incomes in the US they're considerably higher, of course, your purchasing power for a lot of things is less. So I think the big purchasing power advantage Americans have until the tariffs was consumer goods. So if you want to buy a great television set, it's better to do that out of an American income than out of a Spanish income, but if you want the purchasing power to send your kids to university, to get healthcare. Than to be guaranteed a decent pension, then Europe is a better place. So even though you're earning more money in the US, you can't buy a lot of stuff. If you wanna go to a nice restaurant and have a good meal, the value for money will be better in Europe. So I suppose if you wanna be extremely wealthy and you have a good shot at that because a lot people overestimate their chance of great wealth. Then America is a better bet than Europe. Beyond that, I find it hard to right now adduce reasons. I mean, it's odd because like the Brexiteers in the UK, Trump is attacking some of the things that really did make America great, such as this trading system that you can get very, very cheap goods in the United States, but also the great universities. So. I would have been much more positive about the idea of America a year ago, but even then I would've said the average person lives better over here.Andrew Keen: Well, there you have it. Simon Cooper says to Americans, it's time to move to Europe. The American dream has ended, perhaps the beginning of the European dream. Very provocative. Simon, we'll get you back on the show. Your column is always a central reading in the Financial Times. Thanks so much and enjoy Paris.Simon Kuper: Thank you, Andrew. Enjoy San Francisco. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

Pokud neuděláme zásadní změny, bude naším osudem pomalá agónie. Před tím Evropu nedávno varoval Mario Draghi ve své slavné zprávě o tom, jak zaostáváme za USA i za Čínou. Draghi pracoval s malým týmem lidí a byl v něm i Čech: ekonom Alexandr Hobza. V Bruselském diktátu teď Hobza vysvětluje mimo jiné to, co bychom měli udělat na prvním místě. Dobrá zpráva: jestli doženeme ztrátu na úspěšnější země, je jen na nás – vše máme ve svých rukou.

Sander Tordoir (35) is hoofdeconoom van de denktank Centre for European Reform met standplaats Berlijn. Het werk daar van de jonge Nederlander - die eerder al voor Mario Draghi en Christine Lagarde werkte bij de Europese Centrale Bank - is analyseren en adviseren over de wereldeconomie, een beter functionerende Europese Unie en de rol daarin van Duitsland.Dit zijn voor hem dan ook heftige dagen. Met Jaap Jansen en PG Kroeger bespreekt hij de over elkaar buitelende gebeurtenissen in de tarievenoorlog van Donald Trump. Een oorlogsverklaring aan ieder land ter wereld. Van China en Japan tot het straatarme Lesotho. En ons.***Deze aflevering is mede mogelijk gemaakt met donaties van luisteraars die we hiervoor hartelijk danken. Word ook vriend van de show!Heb je belangstelling om in onze podcast te adverteren of ons te sponsoren? Zend een mailtje naar adverteren@dagennacht.nl en wij zoeken contact.Op sommige podcast-apps kun je niet alles lezen. De complete tekst plus linkjes en een overzicht van al onze eerdere afleveringen vind je hier***"Paniek." Dat is Tordoirs eerste antwoord als je hem vraagt de actuele toestand van de wereldeconomie en financiën te beschrijven. De crux daarvan is het besef, dat deze handelsoorlog niet alleen irrationeel lijkt, maar vooral ook de essentiële basis van de relaties tussen naties heeft weggeslagen. Vertrouwen.De feitelijke grondslag ervan noemt hij ronduit ‘krankzinnig'. Het zou hem niet eens verbazen als een jonge assistent van Elon Musk met behulp van ChatGTP de berekeningen heeft gedaan. Ergens midden in de nacht.Of de president een plan heeft? Dat blijft ongrijpbaar. Trump heeft vier soorten rivaliserende adviseurs en zij strijden permanent om aandacht en instemming. Wie hij volgt is steeds weer een verrassing. De ingrepen van dit moment veroorzaken hoe dan ook een forse sprong in de inflatie en daar is Amerika in 't geheel niet op voorbereid.In plaats van een impuls aan industrialisatie en bloei die onder Joe Biden in gang was gezet, beschadigen Trumps tarieven de positieve wending op juist dit punt. Doelwit zijn de EU – “it was started to screw us” - en vooral China. Xi Jinpings bewind is economisch, geopolitiek en ideologisch de grote opponent.Sander Tordoir duikt diep in de contrasten tussen de strategie en economie van Amerika en China. Xi zal moeten kiezen tussen opjagen van de binnenlandse vraag en consumptie; dumping van de enorme overschotten van exportproducten als auto's en machines; of devaluatie van de Chinese munt. En dat laatste is zeer riskant.Dit raakt natuurlijk direct die andere wereldmacht in de handel, de Europese Unie. Samen optrekken tegen Trump met China zal stuurmanskunst vereisen, vooral van Ursula von der Leyen en de nieuwe Duitse regering van Friedrich Merz. 'Rebalancing' is nu het motto: een meer evenwichtige handelsrelatie bereiken waarmee beiden met succes Amerika kunnen weerstaan.De gedurfde expansie van de aanpak van CDU en SPD (met hulp van De Groenen) is precies wat nu nodig is en helpt ook de EU.Duitsland trekt intussen op met Frankrijk, Polen en ook het Verenigd Koninkrijk – alsof de Brexit er nooit was. Alles pleit ervoor dat de sterk geïntegreerde Nederlandse en Duitse economie hier zoveel mogelijk samen doen. Maar Nederland staat met het kabinet-Schoof in Europa volstrekt geïsoleerd. "De motie-Eerdmans is ook in Berlijn een begrip; en niet gunstig."De Schoof-coalitie is onderwijl bezig met een 'mini-formatie' rond de Voorjaarsnota en munt uit in onderling wantrouwen. Maar discussies over staatsschuld inzetten voor koopkrachtgeschenken of consumptieve uitgaven zijn irrelevant. Investeringen in defensie en de concrete stappen uit het rapport-Draghi vormen nu de agenda, onderstreept Sander Tordoir. De EU moet bovendien de gestagneerde Interne Markt in fiks tempo vlottrekken en voltooien. Dat levert meer dynamiek en groei op dan de schade die Trump kan aanrichten.***Verder luisteren495 - De zeven burgeroorlogen van Dick Schoof490 – Duitslands grote draai. Friedrich Merz, Europa en Nederland484 - Hoe Trump chaos veroorzaakt en de Europeanen in elkaars armen drijft476 – Trump II en de gevolgen voor Europa en de NAVO481 - Donald Trumps nieuwe idool William McKinley, ‘de tarievenkoning'475 – Trumps rolmodel Andrew Jackson465 – Nederland en Duitsland, labiel en leiderloos. En: de opmerkelijke overeenkomsten met Noordrijn-Westfalen453 – 75 jaar Volksrepubliek China, waar is het feestje?447 - Als Trump wint staat Europa er alleen voor446 - Doe wat Draghi zegt of Europa wacht een langzame doodsstrijd431 - Handelsland Nederland staat op het spel427 - Europa wordt een grootmacht en daar moeten we het over hebben409 - Nederland wereldwijd handelspartner, ook van communistisch Vietnam306 - De gevoelige geopolitieke relatie met China***Tijdlijn00:00:00 – Deel 100:41:06 – Deel 201:05:31 – deel 301:33:34 – Einde Zie het privacybeleid op https://art19.com/privacy en de privacyverklaring van Californië op https://art19.com/privacy#do-not-sell-my-info.

Welke koers vaart Italië onder Giorgia Meloni? Zij staat nu voor een duivels dilemma. Donald of Ursula?Wie is Meloni, waarom zit zij vol schijnbare tegenstrijdigheden? Geëmancipeerd en reactionair. Kneiterrechts en steunpilaar van 'het midden' in Europa. Keihard in sociaal beleid, maar ook 'vrouw van het volk'. Vurig pro-Zelensky, maar ook partner van Poetins vazal Matteo Salvini. "Ik ben Giorgia. Een vrouw, een moeder, een Italiaanse." Jaap Jansen en PG Kroeger schetsen een portret van Giorgia Meloni, volgens Politico ‘the most powerful person in Europe 2025'. En hoe je haar met al die contradicties pas kunt begrijpen als je Italië beter kent. Als land, als cultuur en als politiek fenomeen. ***Deze aflevering is mede mogelijk gemaakt met donaties van luisteraars die we hiervoor hartelijk danken. Word ook vriend van de show!Heb je belangstelling om in onze podcast te adverteren of ons te sponsoren? Zend een mailtje naar adverteren@dagennacht.nl en wij zoeken contact.Op sommige podcast-apps kun je niet alles lezen. De complete tekst plus linkjes en een overzicht van al onze eerdere afleveringen vind je hier***Haar Fratelli d'italia werd de grootste partij nadat Salvini met zijn ultrarechtse Lega de regering opblies van Mario Draghi. De rechtse coalitie die toen kwam, was het laatste kunstje van Silvio Berlusconi.Meloni liet daarbij toen merken dat ze snapt hoe je moet onderhandelen, compromissen sluiten én - anders dan Wilders – dat je door de wol geverfde experts aan je kabinet moet verbinden. Ze regeert sindsdien stabiel, onder toezicht van president Sergio Mattarella en Draghi, zodat 'Brussel' er vertrouwen in heeft. Wel loopt haar coalitie een fors risico. Doordat Salvini's Lega instortte verliest hun verbond regelmatig regionale en grootstedelijke verkiezingen. Centrumlinkse combinaties winnen weer en ook partnerpartij Forza Italia van Berlusconi herleeft onverwacht. Dat is niet waar de Fratelli op hadden gerekend; dit kan Meloni's kabinet destabiliseren. De innerlijke tegenstrijdigheden in haar beleid en aanpak hangen nauw samen met de heel aparte - vaak eeuwenoude - Italiaanse politieke cultuur. In de lange geschiedenis was Italië nooit een eenheid; geen 'natiestaat', maar een lappendeken van versnipperde regio's en steden. De echte heersers waren vaak machtige vorsten van buiten, zoals de Habsburgers, de Fransen, de Spanjaarden. Na Napoleon en het Weens Congres van 1815 kwam door het verlichtingsideaal en de Romantiek een links en liberaal nationalisme op; vijandig tegen buitenlandse heersers. De bloedbaden tijdens opstanden en burgeroorlogen waren gruwelijk. Wie nu enthousiast meeklapt met de Radetzkymars beseft niet wat voor massamoordenaar daarmee bejubeld wordt. Pas na 1860 slaagde de nationale beweging en werd het land verenigd. Opera's van de liberale nationalist Giuseppe Verdi waren daarvoor een bron van inspiratie. Het politieke compromis was de vorming van één koninkrijk, maar met behoud van grote regionale variëteiten. "Alles moet veranderen opdat alles blijft als het is", was het motto over deze jaren in de roman De Tijgerkat.Benito Mussolini bracht na de Eerste Wereldoorlog twee autoritaire emoties aan de macht. Rancune, een bitter gevoel van verraad, en imperialistische dromen, alsof men het oude Rome zou herstellen. Il Duce mislukte in alles, maar de Italianen zijn meer Japan dan Duitsland in de verwerking van dat verleden: ze kijken maar liever weg. Meloni en haar Fratelli hebben vanuit dit verleden diepe wortels van onverwerkte frustraties in politiek en cultuur. Dat vat vol tegenstrijdigheden is dan ook in de loop van vele eeuwen gevuld. Toen de Muur viel kwam Silvio Berlusconi als de man van de nieuwe politiek, hij speelde de succesvolle ondernemer die wel even schoon schip kwam maken. Hij was en blijft 'het origineel' van populisten als Pim Fortuyn en nu Donald Trump. Toen Meloni ging regeren, brak de 'post-Silvio'-fase aan. Hij stierf en Poetin begon zijn oorlog. Zij bouwde een tot nog toe stabiele regering - iets heel bijzonders in Rome! - steunde Kyiv en voerde de hervormingen uit die Mario Draghi had geformuleerd.Zeg niet dat haar innerlijke tegenstrijdigheden saai en voorspelbaar zijn. Ze blijft verrassen.***Verder luisteren494 - Trumps aanval op de geschiedenis en de geest van Amerika488 - Het Congres van Wenen (1814-1815) als briljant machtsspel484 - Hoe Trump chaos veroorzaakt en de Europeanen in elkaars armen drijft450 - Keizerin Ursula II447 - Als Trump wint staat Europa er alleen voor446 - Doe wat Draghi zegt of Europa wacht een langzame doodsstrijd432 – Verkiezingen Europees Parlement 2024: het midden houdt stand427 - Europa wordt een grootmacht en daar moeten we het over hebben387 - Niets is zó politiek als opera - 100 jaar Maria Callas356 - Sivio Berlusconi, het einde van een tijdperk223 - De degelijke daadkracht van Mario Draghi's Italië***Tijdlijn00:00:00 – Deel 100:42:38 – Deel 201:03:52 – Deel 301:29:33 – Einde Zie het privacybeleid op https://art19.com/privacy en de privacyverklaring van Californië op https://art19.com/privacy#do-not-sell-my-info.

In this episode, Associate Professor Marta Andhov and Professor Willem Janssen discuss a particularly exciting topic - the upcoming reform of the EU's Public Procurement Directives. They begin by describing the reform's timeline and discussing how it is being affected by the current geopolitical setting. In their discussion, they assess the focal points of the reform, as described by reports of Enrico Letta and Mario Draghi. The speakers then provide their personal opinions, perceptions, and concerns while discussing their key takes from the two reports. These include, among others: the calls for simplification, flexibilization, and a more strategic and inward-looking approach to the European public procurement, the concerns around the enduring low competition, and the lack of focus on green and social aspects of procurement. For dessert, the speakers once again discuss academics, focusing on alternative ways of examination. They evaluate their own experiences with the less typical ways of testing to provide their opinion of how and why they should be used.

Dalla Bce arriva un parere negativo all applicazione del Danish Compromise da parte di Banco Bpm sull Opa Anima, offerta che è stata lanciata da Piazza Meda attraverso la controllata Banco Bpm Vita. Quella di Francoforte non è una decisione, che spetta all Eba ed è ancora attesa, ma di una interpretazione, una view, che secondo quanto risulta a Radiocor - è stata formalizzata nei giorni scorsi all istituto guidato da Giuseppe Castagna. Interpellata, la Bce non ha fornito alcun commento. Il parere dell istituto di Francoforte, con cui Banco Bpm ha interlocuzioni continue, sarà oggetto di un cda di Piazza Meda in agenda per domani. Interviene Luca Davi, Il sole 24 ore.Auto, immatricolazioni Ue -3,1%. Crollo di Tesla (-40,1%) e Stellantis (-16%) Il mercato europeo dell'auto (Ue più Efta e Uk) cala del 3,1% rispetto a febbraio 2024, con volumi che restano del 17,5% inferiori ai livelli pre-Covid. I dati diffusi dall'Acea (Associazione dei Costruttori Europei di Automobili) confermano una persistente debolezza del settore nei primi due mesi dell'anno. Un calo in numeri assoluti di 963.540 unità nel solo mese di febbraio. Nel mese di febbraio rispetto allo stesso mese dello scorso anno, Italia (-6%), Germania (-4,6%) e Francia (-3,3%) hanno registrato un calo delle immatricolazioni, mentre la Spagna ha chiuso con un +8,4%. In Germania il calo più netto in volume, del 6,4%. L'unico segnale positivo sul mercato auto in Europa arriva dal dato sulle immatricolazioni di auto elettriche, cresciute a febbraio del 26% nell'area (Ue più Efta e Uk) e del 31% da inizio anno, consolidando la quota di bev (full electric) al 16,9% contro il 12,5% di inizio 2024. Una forte spinta arriva dal mercato anglosassone (+41,6% da inizio anno, con una quota di elettriche che ha raggiunto il 22,8% di market share) e dalla Germania, che registra per questa tipologia di motorizzazione, un aumento delle immatricolazioni del 30%, dopo un lungo periodo di stasi. Anche in Italia le elettriche sono aumentate, ma non si supera la quota del 5%. In questa cornice nella quale i volumi continuano a scendere, il mercato resta debole, ma le full electric prendono piede, c'è chi piange e chi invece esulta. Ne parliamo con Filomena Greco, Il Sole 24 OreDraghi: punto di svolta l aumento delle spese militari tedesche, ma ora occorre che tutta Europa agiscaL ex presidente della Banca centrale europea Mario Draghi ha affermato che la decisione della Germania di aumentare la spesa per la difesa rappresenta un «punto di svolta», ma ha avvertito che ci sono dei rischi per quanto riguarda le modalità di attuazione. La portata dell impegno della Germania e i cambiamenti costituzionali che ha comportato sono tra i motivi per cui la mossa segna una svolta, ha detto Draghi a Joumanna Bercetche di Bloomberg Television durante un dibattito all Hsbc Global Investment Summit di Hong Kong. Ciò che preoccupa l ex primo ministro italiano è il modo in cui la Commissione europea gestirà questo cambiamento di politica. «Se non viene gestito correttamente, quello che succederà è che la Germania si riarmerà ma gli altri no», ha detto Draghi.Le azioni del presidente degli Stati Uniti hanno forzato la mano dei decisori politici europei, ha affermato Draghi, aggiungendo che una delle conseguenze è stata «sostanzialmente quella di dirci non avete più tempo ». Il messaggio, secondo Draghi, era: «o procedi a difenderti o sei indifeso». «Ora, essere indifesi in questo nuovo clima non è molto piacevole, perché abbiamo un nemico, che è la Russia», ha detto. All inizio di questo mese, Draghi ha detto al parlamento italiano che il salto di competitività deve ora includere la difesa europea attraverso l integrazione delle forze armate europee e una spesa comune. Sul fatto che sia un momento cruciale per il settore della difesa europea è d'accordo anche l'ad di Leonardo, Roberto Cingolani che in un'intervista al Messaggero di qualche settimana fa dichiara che: "La nostra prospettiva è quella di agire come catalizzatori di alleanze industriali in grado di contribuire allo sviluppo di tecnologie competitive in seno all'Europa. Mi auguro che l'Europa unisca le forze - prosegue -. Da soli non ce la possiamo fare. Rispetto agli Stati Uniti, investiamo meno ma soprattutto in modo frammentato su diversi progetti e piattaforme. Così si perde efficacia negli investimenti e nello sviluppo delle tecnologie necessarie per garantire la sicurezza dei cittadini. Ora è necessario che le grandi aziende del settore collaborino". Ne parliamo proprio con Roberto Cingolani, Ad di Leonardo, ex ministro della Transizione ecologica del governo Draghi.

L'Office européen des brevets publie mardi 25 mars son baromètre annuel. Les brevets prouvent l'investissement dans l'innovation, qui en Union européenne semble être dynamique. Les brevets sont des droits de propriété industrielle qui permettent de protéger une invention dans un temps et un territoire donné. Dans notre cas, il s'agit du continent européen. Si une entreprise ou personne met au point une technologie et qu'elle pense être la seule à l'avoir trouvée, elle dépose cette innovation moyennant finance évidemment. Après étude de son dossier, on lui délivre ce brevet, empêchant que toute autre entreprise se déclare détentrice de cette innovation.Après plusieurs années en hausse, la tendance est plutôt stable, puisqu'en 2024, ce sont pratiquement 200 000 demandes de brevets qui ont été déposées à l'OEB, office européen des brevets. Pour la première fois, ce sont les technologies informatiques qui prennent la tête de ce baromètre. Le secteur est porté par l'intelligence artificielle, car ces brevets concernent notamment l'apprentissage automatique et la reconnaissance des formes. Un autre domaine est par ailleurs en forte croissance, celui des batteries électriques, poussées par la transition énergétique. C'est d'ailleurs ce pôle qui enregistre la deuxième plus grande demande de dépôt de brevets. Chacun y trouve son compte Sans surprise, les champions de l'innovation en Union européenne sont des grandes entreprises... mais qui ne sont elles-mêmes pas européennes, paradoxalement. On notera, par exemple, les coréennes Samsung et LG ou la chinoise Huawei. Car pour se protéger sur le sol européen, ces grands groupes qui opèrent dans le monde entier y déposent leurs brevets comme ils le feraient ailleurs, afin de ne pas être doublés.Autre particularité également : les petites et moyennes entreprises recourent à ce système de brevet pour stimuler cette innovation et se protéger.Le succès du brevet unitaire Mais on le précisait, déposer un brevet a un coût non négligeable pour ces structures. Pour faciliter l'opération, un brevet unitaire a été mis en place et il rencontre un grand succès. Plébiscite total pour ce brevet unitaire entré en vigueur en 2023. Si vous le sollicitez, vous ne faites qu'un dossier qui sera valable dans 18 États membres. Plus rapide, moins contraignant et surtout moins cher pour les entreprises : +54 % de déposants entre 2023 et 2024. Cette initiative a d'ailleurs vocation à attirer encore plus en Europe.C'est d'ailleurs l'essentiel : l'Europe continue d'attirer. Grâce au nombre de brevets déposés, on peut comprendre que la tendance semble montrer un vrai dynamisme dans l'innovation européenne. Cela faisait d'ailleurs partie de recommandations des rapports Draghi et Letta, publiés ces derniers mois. À l'heure où l'Europe veut renforcer sa souveraineté, notamment technologique, chaque brevet compte. Car la question est maintenant de savoir si l'innovation va s'amplifier sur le continent et si les politiques publiques européennes vont payer.

Europa moet veel beter worden in innoveren, schreef Mario Draghi vorig jaar in een gezaghebbend rapport over de concurrentiekracht van ons continent. En voor die innovatie zijn uitvindingen nodig. In het aantal aanvragen voor nieuwe uitvindingen scoort Nederland al jaren opvallend goed. Maar uit nieuwe cijfers blijkt dat het aantal octrooi-aanvragen vorig jaar stabiliseerde, na een eerdere groei.  Presentator Hans van der Steeg gaat hierover in gesprek met: · Pancras Dijk, hoofdredacteur van technologieblad De Ingenieur. · Cees Links, mede-uitvinder van de WiFi-technologie en tegenwoordig ceo van technologiebedrijf SuperLight Photonics.

Intervento Di Mario Draghi In Senato: Pesante Attacco Alle Azioni Di Trump!Mario Draghi torna in Senato e avverte l'Europa: la sicurezza del continente è a rischio e la causa potrebbe essere l'America. Ecco che cosa ha detto!#breakingnews #ultimenotizie #notiziedelgiorno #notizie #cronaca #accuse #attacco #azioni #conseguenze #donaldtrump #elezioni #equilibrio #eu #europa #grave #intervento #mariodraghi #parlamento #pesante #putin #senato #stabilita #ue #unioneeuropea #zelensky

Trump e Putin al telefono per 90 minuti - Il ritorno di Mario Draghi a Palazzo Madama

di Massimiliano Coccia | in collaborazione con Linkiesta | Rassegna stampa del 19 03 2025 Mario Draghi ieri in audizione congiunta di Camera e Senato sul suo rapporto sulla competitività ha detto che 800 miliardi per il Rearm sono pochi ma sono un primo passo necessario. Nel frattempo il Pd scrive una risoluzione di compromesso con Schlein che rimanda i problemi interni.

Giorgia Meloni, intervenendo in Senato prima del Consiglio europeo, ha ribadito l'importanza dell'alleanza con gli Stati Uniti, la centralità della NATO e il rifiuto di un mero "riarmo puro", sottolineando la necessità di garanzie finanziarie per l'aumento della spesa per la difesa. Ha inoltre criticato l'eccessiva regolamentazione europea, sostenendo la necessità di maggiore semplificazione. Sul tema dei dazi, ha escluso rappresaglie contro gli USA, avvertendo che una guerra commerciale danneggerebbe tutti. Parallelamente, Mario Draghi ha presentato al Parlamento il suo Rapporto sulle sfide dell'Europa, individuando tre priorità: innovazione, decarbonizzazione e difesa. Ha proposto investimenti per 800 miliardi, con un approccio basato su debito comune e una deregolamentazione significativa ma controllata. Ha anche sottolineato la necessità che l'Europa agisca come un unico Stato, soprattutto alla luce dei cambiamenti nella politica estera statunitense. Ne parliamo con Dino Pesole, editorialista de Il Sole 24 Ore.Draghi, per rilancio competitività Ue priorità è ridurre bolletteMario Draghi, in audizione al Parlamento, ha indicato la riduzione del costo dell'energia come priorità per rilanciare la competitività europea. Ha evidenziato l'aumento dei prezzi del gas e dell'elettricità in Europa, sottolineando che l'Italia è tra i Paesi più colpiti, con costi dell'energia significativamente superiori rispetto a Francia, Spagna e Germania. Per contrastare il caro energia, si discute una riforma del mercato europeo che disaccoppi il prezzo del gas da quello dell'elettricità, proposta sostenuta dal governo italiano. Tuttavia, Elettricità Futura contesta questa strategia, affermando che il vero problema è la scarsa diffusione dei contratti a lungo termine (PPA), ritenuti lo strumento più efficace per stabilizzare i prezzi, e chiede lo sblocco di 150 gigawatt di energia rinnovabile fermi per questioni burocratiche. Il commento è di Giuseppe Argirò, Amministratore Delegato CVA Compagnia Valdostana delle acque.

Discurso de Antonio Brufau, presidente Repsol en la inauguración Congreso Faconauto 2025 Antonio Brufau, presidente de Repsol, destacó durante su intervención en el Congreso Faconauto 2025 la relevancia del sector de la automoción para España y Europa, subrayando su impacto en la generación de riqueza, empleo de calidad, innovación y tecnología. Recalcó que esta industria representa aproximadamente el 10% del PIB español y enfatizó la importancia de proteger y fortalecer este sector debido a su papel crucial en la economía. Brufau señaló los desafíos que enfrenta actualmente la industria automotriz, especialmente tras la decisión europea de apostar exclusivamente por la motorización eléctrica. Comentó que esta elección obliga al sector a transformarse para seguir siendo competitivo ante potencias como China, que ya cuenta con ventajas significativas en costes energéticos, control sobre minerales críticos y una alta capacidad tecnológica. Brufau advirtió que Europa debe reconsiderar su enfoque y garantizar la neutralidad tecnológica para aprovechar todas las alternativas posibles que reduzcan emisiones, como los combustibles sintéticos, biocombustibles, hidrógeno y gas natural licuado. Además, analizó críticamente la estrategia europea previa basada en la globalización, que según su criterio ha generado dependencias y vulnerabilidades económicas y energéticas. Enumeró errores estratégicos como la terciarización industrial hacia Asia, la dependencia defensiva de Estados Unidos y la dependencia energética de Rusia, resaltando cómo estas decisiones se han demostrado erróneas tras eventos recientes como la guerra de Ucrania y las políticas proteccionistas. Finalmente, Brufau destacó el diagnóstico realizado por Mario Draghi sobre el futuro de Europa y la necesidad urgente de acciones estratégicas en el sector automovilístico. Instó a adoptar políticas regulatorias coherentes y estables, evitando cambios frecuentes y proporcionando previsibilidad a largo plazo para la industria. Concluyó su intervención afirmando que el éxito o fracaso del sector automovilístico será determinante para el futuro económico y social del país y de Europa. Producción: Fernando Rivas San Julián José Lagunar Herranz Todos los podcast: https://www.podcastmotor.es Twitter: @AutoFmRadio Instagram: https://www.instagram.com/autofmradio/ YouTube: https://www.youtube.com/@AutoFM Contacto: info@autofm.es

During the first week of March, a major transformation in European economic policymaking took place within the short span of 48 hours. It started in Brussels, where European Commission President Ursula von der Leyen announced an €800 billion "ReArm Europe" plan that would include the suspension of the European Union's fiscal rules for additional defense spending of up to 1.5 percent of GDP by member states as well as €150 billion in loans to supplement national defense budgets. The funding for the loans would be borrowed by the commission on capital markets and passed on to national governments, only the second time in the nearly 70-year history of the EU that collectivized debt, or Eurobonds, has been used to finance common objectives. The first time it happened, during the COVID-19 pandemic, was supposed to be a historic one-time exception rather than a precedent for future action. On its own, ReArm Europe would have signaled a major shift in thinking about the role of economic tools in advancing the EU's global interests. Yet a second striking contribution to this sea change in European fiscal policy came the following day in Berlin: Friedrich Merz - the leader of Germany's center-right Christian Democratic Union and likely future German chancellor after winning that country's elections in February - called for exempting all national defense spending above 1 percent of GDP from Berlin's constitutionally anchored "debt brake," which strictly limits government borrowing. To accompany this surge in defense outlays, Merz also proposed a €500 billion special fund to finance infrastructure investments. Both plans must still be approved by EU member states and Germany's parliament, respectively, with the latter looking likely to pass as soon as tomorrow. But if they are, they will usher in the emergence of a European defense industrial ecosystem and bring to an end a decade and a half of austerity and underinvestment in Germany in sectors ranging from high-speed internet and telecommunications to rail, road and energy networks. To be fair, this new approach in both Berlin and Brussels does not come out of nowhere. Momentum for reform had been building, albeit slowly, for some months now. Most recently, two major EU reports by former Italian prime ministers released last year were already pointing to the need for increased political courage to break policy taboos that were holding back everything from finance for tech start-ups to more efficient defense spending. The first from Enrico Letta called for further integrating the EU single market while the second from Mario Draghi, who also served as president of the European Central Bank, focused more broadly on EU competitiveness. If there is one lesson that Europe already seems to be learning from this new economic nationalism coming out of Washington, it is that it can no longer afford to anchor its own economic strategy in the institutional status quo. The backdrop to these calls was a combination of internal and external factors that were becoming hard to ignore. While the first "China Shock" immediately after the Beijing's entry into the World Trade Organization in 2001 primarily affected manufacturing industries in the United States, there is growing concern about a second shock that is already hitting German industries like automobiles, machine tools and renewable energy, where Chinese companies are now strong competitors and in some cases - like electric vehicles, or EVs - industry leaders. In response to Chinese-government subsidized overproduction of EVs, the EU has already imposed countervailing duties last year, and it has a number of new trade tools available to deter or respond to similar actions in the future. Beyond competition from China, the move to break Europe's dependence on affordable supplies of oil and gas from Russia since its invasion of Ukraine in 2022 has raised costs for German industry, where energy-intensive sectors saw a decline in production of appr...

Offiziell ist Friedrich Merz noch gar nicht Kanzler und bis zur Wahl war er ein glühender Anhänger der Schuldenbremse – doch schon am Montag nach dem Wahlsonntag war klar, was schon für Konrad Adenauer, den ersten Kanzler der BRD, galt: „Was stört mich mein Geschwätz von gestern!“ Noch mit den Mehrheitsverhältnissen des alten, eigentlich abgewählten Bundestags will Friedrich Merz ein gigantisches Sondervermögen für Infrastruktur und eine Sonderverschuldungsregel für die Aufrüstung durchsetzen. SPD und CDU/CSU haben bereits erfolgreich sondiert, jetzt aber blockieren die Grünen diesen kühnen Plan noch – zumindest vorerst. Nicht, weil sie gegen die Aufrüstung sind, vielmehr stören sie sich an anderen Vorhaben wie der Pendlerpauschale und der Mütterrente. Eine Einigung ist dennoch wahrscheinlich. MMT bzw. Kriegs-Keynesianismus werden nun jedenfalls von der Union in die Tat umgesetzt und Friedrich Merz stellt sich in eine Reihe mit Mario Draghi, indem er dessen Mantra „Whatever it takes“ wiederholt. In der neuen Folge von „Wohlstand für Alle“ diskutieren Ole Nymoen und Wolfgang M. Schmitt die neuesten Entwicklungen. Alle Informationen zu Oles neuem Buch findet ihr unter: https://www.rowohlt.de/buch/ole-nymoen-warum-ich-niemals-fuer-mein-land-kaempfen-wuerde-9783499017551 Literatur/Quellen: Adam Tooze: “Chartbook 357”, online verfügbar unter: https://adamtooze.substack.com/p/chartbook-357-legitimate-maneuver. Ders.: “Ist das die wirtschaftspolitische Zeitenwende?”, online verfügbar unter: https://www.surplusmagazin.de/tooze-schuldenbremse-sondervermogen-cdu-spd/. Blackrock: “Bulletin zur Bundestagswahl 2025”, online verfügbar unter: https://www.blackrock.com/de/professionelle-anleger/einblicke/blackrock-investment-institute/publications/bundestagswahl-2025?switchLocale=y&switchLocale=y&siteEntryPassthrough=true&siteEntryPassthrough=trueVe. Financial Times: “Global bond sell-off deepens as Germany jolts markets”, online verfügbar unter: https://www.ft.com/content/06fa0c14-2deb-4aee-9189-1323beb1846e. Lukas Scholle: “Schwarz-Rot will 20.714 Euro Steuergeschenke für jeden Superreichen”, online verfügbar unter: https://www.surplusmagazin.de/schwarz-rot-sondierungen-steuern-merz/. Ders.: “Schulden: 4 Punkte, auf die es jetzt ankommt”, online verfügbar unter: https://www.surplusmagazin.de/schulden-sondervermogen-cdu-spd-reform/. Veranstaltungen: Ole ist am 19. März in Berlin im Brecht-Haus: https://lfbrecht.de/event/friedrich-engels-arbeit-an-der-theorie/ Wolfgang ist am 20. März in Reutlingen: https://www.keb-rt.de/programm/kw/bereich/kursdetails/kurs/25-1-02Z01/kursname/Kino%20anders%20gedacht%20131.%20MuT-Zeitgespr%E4ch%20mit%20Wolfgang%20M%20Schmitt/?fbclid=IwY2xjawI9mtpleHRuA2FlbQIxMAABHY19p7CKDWBGN6X4fD9PPp1pURiw-UcD9HBxcE2h69V3KHqsfcsoljSJig_aem_zpmD0xh2mygI0yj3mmbGPA Unsere Zusatzinhalte könnt ihr bei Apple Podcasts, Steady und Patreon hören. Vielen Dank! Apple Podcasts: https://podcasts.apple.com/de/podcast/wohlstand-f%C3%BCr-alle/id1476402723 Patreon: https://www.patreon.com/oleundwolfgang Steady: https://steadyhq.com/de/oleundwolfgang/about

Bruxelles ha confermato oggi di voler facilitare il raggiungimento degli obiettivi di emissioni per il 2025. «La Commissione proporrà una modifica mirata al regolamento sugli standard di Co2 per auto e furgoni», si legge nella documentazione pubblicata oggi. «L emendamento consentirà alle case automobilistiche di raggiungere i propri obiettivi di conformità attraverso una media delle loro prestazioni su un periodo di tre anni (2025-2027)». MA LA VERA NOTIZIA È che rispondendo alle pressioni di alcuni paesi membri e di alcune case automobilistiche, la Commissione europea ha annunciato oggi, mercoledì 5 marzo, che intende anticipare al terzo e quarto trimestre di quest anno la verifica della legislazione comunitaria dedicata alle emissioni nocive delle vetture. In un atteso piano d azione per un settore economico in grave crisi, l esecutivo comunitario ha poi aperto la porta a nuove tecnologie capaci di garantire neutralità climatica. Affrontiamo il tema con Alberto Annicchiarico, Il Sole 24 Ore.Trump, Zelensky pronto a tavolo pace e firma su mineraliL'Ucraina è pronta a firmare «in ogni momento» l accordo sulle terre rare con gli Stati Uniti. Lo ha affermato il primo ministro ucraino Denys Shmygal in conferenza stampa a Kiev. «L Ucraina continuerà attraverso i canali diplomatici e gli altri canali disponibili» a collaborare con gli Stati Uniti per «assicurarsi che l Ucraina e gli Stati Uniti continuino a lottare per una pace duratura», ha detto il premier ucraino, come riporta la Bbc. Ottenere garanzie di sicurezza americane è di «vitale importanza» non solo per Kiev, ma anche per l Unione europea, ha aggiunto Shmygal. «Abbiamo bisogno e chiediamo garanzie di sicurezza concrete, tanto da parte degli Stati Uniti, quanto dell Europa e dei paesi del G7. E di vitale importanza non solo per l Ucraina ma anche per l Unione europea», ha detto.Nelle ultime bozze di conclusione del vertice Ue di giovedì prossimo si legge: «La pace deve rispettare l indipendenza, la sovranità e l integrità territoriale dell Ucraina». La dichiarazione è stata aggiunta rispetto alla versione precedente. Il nuovo testo raccomanda anche «di aumentare la pressione sulla Russia per indebolirne la capacità di continuare a condurre la sua guerra di aggressione». Affrontiamo il tema con Gian Andrea Blengini, professore di ingegneria dei materiali del Politecnico di Torino.Trump, dal 2 aprile arrivano i dazi sui prodotti agricoliL'export agroalimentare italiano negli Stati Uniti lo scorso anno ha toccato i 7,8 miliardi. Un dazio del 25% sulle esportazioni italiane potrebbe costare ai consumatori americani fino a 2 miliardi di euro in più. Il costo per le singole filiere sarebbe di quasi 500 milioni solo per il vino, circa 240 milioni per l olio d oliva, 170 milioni per la pasta, 120 milioni per i formaggi, secondo le stime di Coldiretti. I dazi all'Europa non sono ancora ufficiali ma il presidente degli Stati Uniti Donald Trump ha dichiarato nei giorni scorsi di voler colpire le merci prodotte nell'Unione Europea con tariffe del 25%, sostenendo che il blocco è stato creato per fregare gli Stati Uniti. Il commento è di Massimo Romani, Amministratore Delegato di Argea.Merz: «Whatever it takes» sulla difesa. Accordo tra Cdu ed Spd su riforma a freno al debito «Whatever it takes»: Friedrich Merz, il probabile futuro cancelliere tedesco, prende a prestito le parole pronunciate da Mario Draghi durante la crisi dell euro. Sulla difesa, il leader dei cristianodemocratici, e vincitore delle elezioni del 23 febbraio, è pronto a fare qualunque cosa sia necessaria, per rispondere «alle minacce alla nostra libertà e alla pace nel nostro continente». E ci sarà anche un super fondo da 500 miliardi di euro in dieci anni per le infrastrutture. Dopo anni di dibattiti e frenate, a Berlino è arrivata una vera e propria scossa. C è da dare risposta alla lunga stagnazione economica, è vero, ma la svolta è soprattutto il risultato della drammaticità del contesto internazionale, rivoluzionato dal cambio di paradigma imposto dal presidente Usa, Donald Trump. Subito dopo il voto, Merz aveva annunciato l intenzione di potenziare la spesa per la difesa. E proprio come Merz voleva, l accordo con la Spd è arrivato in tempi strettissimi e prima del vertice Ue di giovedì. Il leader della Cdu ha dato l annuncio nella conferenza stampa del 4 marzo, al termine di una giornata di consultazioni con i vertici della Spd. Insieme a lui c erano Markus Söder, il leader della Csu (il partito gemello della Cdu in Baviera), e i co-presidenti della Spd, Lars Klingbeil e Saskia Esken. Per dare l'idea di quanto sia rivoluzionaria questa scelta basti pensare che il neo governo ha raggiunto un accordo per cambiare in costituzione il freno al debito. Parliamo di questo con Daniel Gros direttore dell'Institute for european policy making della Bocconi.

Zijn voorganger (en de baas van de centrale bank) lukte het maar niet, maar hij ging het 'snel' voor elkaar krijgen. Donald J. Trump zou de inflatie naar beneden krijgen. Spullen in de supermarkt zouden goedkoper worden. Maar dat blijkt toch wat anders te zitten. Hoe dan wel? We hoorden het niet in zijn State of the Union. En meer (belangrijke) zaken die jij als belegger moet weten, hield 'ie vaag of benoemde hij niet. Wij doen het deze aflevering wel. Waar we het ook over hebben is die handelsoorlog. Gisteren verklaarde Amerika nog de oorlog aan Canada en Mexico. Met importtarieven wel te verstaan. Maar een dag later lijken de Amerikanen erop terug te komen. Ook hebben we het over de Duitse bazooka. De aanstaand bonskanselier zegt het echt: whatever it takes. Hij leent de beroemde uitspraak van Mario Draghi. Die wilde toen de Euro redden, Friedrich Merz de Duitse economie. Maar liefst 500 miljard euro gaat hij investeren. Verder hebben we het ook over ASML. Dat had al een Franse ceo, een Franse adviseur en nu ook een commissaris die de baas is geweest van ING Frankrijk. We durven het bijna niet te vragen, maar: wat wil ASML in Frankrijk? See omnystudio.com/listener for privacy information.

L'Union européenne affine sa stratégie pour faire face à la Chine et aux États-Unis. La Commission européenne publie ce mercredi sa feuille de route sur le sujet. Son nom : « Clean Industrial Act », décryptage. Pour les 27, c'est clair, il y a urgence avec cette question qui résonne en toile de fond : comment l'UE compte-t-elle enrayer son déclin industriel et relancer sa croissance ? L'équation est difficile pour Bruxelles et les États membres, entre une économie allemande dans le rouge pour la deuxième année consécutive et ses partenaires à la traîne. Le continent est en effet pris en étau entre les pratiques déloyales de Pékin et les menaces de guerre commerciale du président américain.  Quel mal européen ?  Sans prétendre être exhaustif, on peut avancer plusieurs explications pour expliquer la situation européenne. Déjà sa productivité, plus faible que celle des Américains et des Chinois. On retiendra surtout les prix de l'énergie, trois à quatre fois plus élevés. À cela, on peut aussi ajouter une sur règlementation européenne que dénoncent en tous cas les grands patrons qui ne leur permettrait pas d'être aussi réactifs que leurs concurrents. Tous ces faits mis bout à bout ont une conséquence bien concrète : l'UE manque de compétitivité face aux deux mastodontes que sont la Chine et les Etats-Unis.  À lire aussiFace à Donald Trump, l'Union européenne recherche de nouvelles alliancesPour mettre au point un plan de bataille, la Commission va s'appuyer sur ce constat pour proposer ses solutions. Trois grands axes au menu des mesures de l'exécutif européen, à savoir la baisse du coût de l'énergie, l'allègement du fardeau administratif et le soutien à la décarbonation de l'industrie. Concernant l'énergie, priorité sera donnée à la baisse des prix pour les ménages. On privilégiera aussi les contrats de long terme d'achat d'électricité pour les entreprises et puis l'ambition affichée d'une sortie accélérée des énergies fossiles. Nom du projet : Clean Industrial Deal, traduisez « pacte pour une industrie propre ». Il est temps d'agir S'il n'y a pas de certitude quant aux résultats, ce qui est positif pour l'économie du continent, c'est que la Commission prend le sujet à bras-le-corps. Car ça presse. Des piliers de l'industrie européenne dans la chimie, dans l'automobile ou la sidérurgie menacent de délocaliser leurs usines en Asie ou aux États-Unis pour échapper à des coûts de l'énergie jugés prohibitifs et fuir les lourdes réglementations européennes. Cela peut donc être un argument de poids pour les faire rester. Ensuite, il faut que l'exécutif européen ait les moyens de ses ambitions et que les pays membres parlent d'une seule et même voix.  À lire aussiComment expliquer les difficultés de l'industrie européenne?Il faut aussi préciser que l'UE a déjà présenté plusieurs plans d'attaques pour éviter le décrochage des industries européennes. D'ailleurs Mario Draghi, l'ancien président de la Banque centrale européenne a rendu un rapport en ce sens avec ses recommandations il y a quelques mois, avec une priorité : investir. L'an passé, la Commission a présenté le Net Zero Industry Act pour que l'industrie prenne le tournant de la transition écologique notamment. Mais là, la situation est différente car les 27 se savent sous pression depuis l'arrivée de Donald Trump à la Maison Blanche. Pression que le président américain compte bien exercer jusqu'à ce qu'il y trouve son compte ! 

In un discorso andato virale, Mario Draghi ha rimproverato l'Europa per essere "paralizzata". Nel frattempo DOGE sta passando attraverso qualche difficoltà. Infine, Nikola ha dichiarato bancarotta. Nella Big Story, insieme a Rana Foroohar, parliamo del suo nuovo libro "la globalizzazione è finita" e di passato, presente e futuro. Ascolta la storia di Nikola su Mele Marce Questo podcast e gli altri nostri contenuti sono gratuiti anche grazie a chi ci sostiene con la membership. Per sostenere il nostro lavoro e ricevere contenuti esclusivi iscriviti alla membership su membership.willmedia.it Learn more about your ad choices. Visit megaphone.fm/adchoices

Investi con Scalable, PAC in ETF a zero costi d'ordine (#adv). Con Mariangela Pira, una delle più importanti giornaliste economiche d'Italia, abbiamo parlato del destino dell'Europa, che Mario Draghi ha provato a scuotere con il suo recente "Do Something!", dell'impatto di Trump sugli equilibri globali e sul ruolo che l'educazione finanziaria può svolgere per prendere decisioni migliori per il nostro futuro. Serenis è il partner di The Bull per il tuo benessere mentale e fisico: un centro medico autorizzato che tramite la sua piattaforma digitale offre percorsi di psicoterapia, nutrizione e coaching online con oltre 1600 professionisti in tutta Italia con in media 13 anni di esperienza.  E lo fa con una missione: rendere accessibile il benessere mentale e fisico affrontando gli ostacoli economici, tecnologici, sociali e culturali che allontanano le persone dal prendersi cura di se stessi. Puoi iniziare un percorso su Serenis per prenderti cura del tuo benessere mentale a un prezzo convenzionato a questo link (#adv). =============================================== Apri un conto Fineco (60 operazioni gratuite con il codice TRD060-TB Apri un conto Revolut entro il 31/03/2025, conto deposito con interessi al 3% bloccati fino 31/05/2025. Abbonati a 4Books, 7 gg. di prova gratuita e 30% di sconto. Assicurazione sulla vita con Turtleneck I link sono sponsorizzati e l'Autore potrebbe percepire una commissione. =============================================== ATTENZIONE: I contenuti di questo canale hanno esclusivamente finalità di informare e intrattenere. Le informazioni fornite sul canale hanno valore indicativo e non sono complete circa le caratteristiche dei prodotti menzionati. Chiunque ne faccia uso per fini diversi da quelli puramente informativi cui sono destinati, se ne assume la piena responsabilità. Tutti i riferimenti a singoli strumenti finanziari non devono essere intesi come attività di consulenza in materia di investimenti, né come invito all'acquisto dei prodotti o servizi menzionati. Investire comporta il rischio di perdere il proprio capitale. Investi solo se sei consapevole dei rischi che stai correndo. Learn more about your ad choices. Visit megaphone.fm/adchoices

Una road-map per l'Europa il discorso di Mario Draghi all'Europarlamento. Molti i settori toccati, tra i quali l'economia: "Oltre ad agire per modernizzare l'economia europea, dobbiamo gestire la transizione per le nostre industrie tradizionali. Dal 2012, i primi 10 settori con la produttività in più rapida crescita sono costituiti quasi interamente da cosiddetti settori mid-tech, come l'automotive e i macchinari. Il settore manifatturiero impiega anche circa 30 milioni di persone, rispetto ai 13 milioni negli Stati Uniti".Ne parliamo con Giorgio Gori, europarlamentare del Pd aderente al gruppo dei Socialisti e Democratici e Isabella Tovaglieri, europarlamentare della Lega aderente al gruppo Patrioti per l'Europa.

Il rapporto Draghi «è stato pubblicato in settembre» oggi «cinque mesi dopo» emerge che «ciò che è nel rapporto è ancora più urgente di quanto fosse cinque mesi fa». «C è una situazione molto difficile. Ora abbiamo i nostri valori. Abbiamo differenze di opinioni. Ma non è il momento di sottolineare queste le differenze ora, è il momento di sottolineare il fatto che dobbiamo lavorare insieme, sottolineare ciò che ci accomuna e ciò che credo ci accomuna sono i valori fondanti dell Unione Europea. E dobbiamo sperare e dobbiamo lavorare per questo» Lo ha detto Mario Draghi, ex presidente della Bce e autore del rapporto sulla Competitività Ue, intervenendo a una seduta del Parlamento europeo a Bruxelles. L'Unione europea deve attrezzarsi a far fronte a novità nei cambiamenti economici e politici globali. Ed «è sempre più chiaro che dobbiamo agire sempre di più come se fossimo un unico stato. La complessità della risposta politica che coinvolge ricerca, industria, commercio e finanza richiederà un livello di coordinamento senza precedenti tra tutti gli attori: governi e parlamenti nazionali, Commissione e Parlamento europeo» ha spiegato Draghi. Il commento è di Adriana Cerretelli, editorialista Sole 24 Ore Bruxelles.Raddoppio del traforo del Monte Bianco, "no" del ministro franceseParigi non vuole il raddoppio del traforo del Monte Bianco. Il ministro dei Trasporti transalpino Philippe Tabarot ha espresso di fatto un parere negativo in una lettera, datata 14 febbraio ma pubblicata ieri, in cui scrive che "La posizione della Francia , espressa regolarmente nel quadro della commissione intergovernativa del tunnel del Monte Bianco, non è cambiata". Nessuno sviluppo, dunque. Lo ribadisce il ministro dopo che il deputato dell'Alta Savoia all'Assemblea nazionale, Xavier Roseren, aveva chiesto di assumere una posizione definitiva sul tema. La decisione asseconda le volontà soprattutto della valle dell'Arve, da Chamonix-Mont-Blanc in giù, dove i tir sono un problema molto più sentito rispetto alla Valle d'Aosta e dove i livelli di traffico e inquinamento sono ritenuti da anni insostenibili. Interviene Francesco Turcato, presidente Confindustria Valle d'Aosta.Poste in Tim, filosofia industriale, faro su sinergie La prima mossa nel risiko delle tlc l'hanno fatta Poste e Cdp. I cda dei due gruppi nel week end hanno dato il via libera allo scambio azionario: Poste ha acquistato il 9,81% circa di Tim da Cassa Depositi e Prestiti e al contempo l'intera sua partecipazione in Nexi (pari al 3,78% circa) è passata a Cdp che così si rafforza nella 'pay tech' salendo al 18,25 per cento. Il corrispettivo per l'acquisto delle azioni di Tim sarà riconosciuto "in parte mediante i proventi derivanti dal trasferimento da Poste Italiane a Cassa Depositi e Prestiti della partecipazione in Nexi e in parte mediante cassa disponibile", appena sotto i 180 milioni di euro (valorizzando quindi Tim approssimativamente di 0,26/0,27 euro per azione). E' la prima tessera di un domino, alla quale Poste, che diventa il secondo azionista, guarda con un approccio industriale, che apre un ampio spazio di accordi commerciali e sinergie. Tra Tim e Poste, annuncia subito la società guidata da Matteo del Del Fante "è in fase avanzata la negoziazione per la fornitura di servizi per l'accesso di Postepay all'infrastruttura di rete mobile di Tim", l'ingresso nel capitale infatti "abilita l'evoluzione dei rapporti commerciali tra Tim e Poste Italiane" spiega il cda in una nota. Per la Cassa invece il focus è tutto puntato su Nexi, di cui è azionista dalla nascita: «Il Gruppo Cdp aumenta la propria quota in Nexi dall attuale 14,46% al 18,25% complessivo - spiega Cdp in una nota -, rafforzando così il sostegno alla strategia industriale di un azienda protagonista in Europa nell infrastruttura dei pagamenti digitali, che sin dalla sua nascita quattro anni fa ha avuto Cassa al suo fianco». Ne abbiamo parlato con Laura Serafini, Il Sole24Ore.Elon Musk presenta Grok-3 e rinviglorisce la rivalità con Sam AltmanElon Musk rilancia sull intelligenza artificiale e con la sua startup xAI ha presentato nelle scorse ore il modello Grok-3 aggiornato: una versione della tecnologia chatbot che secondo il miliardario è «la AI più intelligente della Terra». In una diretta streaming la società ha affermato che, in base a parametri matematici, scientifici e di codifica, Grok-3 «batte Google Gemini di Alphabet, il modello V3 di DeepSeek, Claude di Anthropic e GPT-4o di OpenAI». Grok-3 ha una potenza di calcolo «più che decuplicata» rispetto al suo predecessore e ha completato il pre-training all inizio di gennaio, ha detto Musk in una presentazione insieme a tre ingegneri di xAI. Approfondiamo con Enrico Pagliarini, Radio24.

Rebecca Christie, senior fellow at Bruegel, joins Double Take to discuss European market dynamics, navigating through economist Mario Draghi's report on the future of European competitiveness.

How is the European Commission rethinking its approach to competition policy and enforcement as new leadership takes the helm, including the appointment of Spain's Teresa Ribera as the European Commissioner for Competition? Alicia Downey and Subrata Bhattacharjee talk to John Davies, Senior Advisor at the Brunswick Group, about the changing landscape of EU competition policy and its implications for merger investigations and other proceedings. Listen to this episode to hear what effect these policy changes may have on firms in and outside the EU, and why the Scarlets are John's favorite Welsh rugby team. With special guest: John Davies, Senior Advisor, Brunswick Group LLP Related Links: John Davies et al., EU Merger Control - A New Era? (Brunswick Group Nov. 2024) - Upload attached article Ursula von der Leyen, Mission Letter addressed to Teresa Ribera Rodriguez (EC Sept. 17, 2024) Mario Draghi, The future of European competitiveness Part A, A competitiveness strategy for Europe (EC Sept. 2024) Mario Draghi, The future of European competitiveness Part B, In-depth analysis and recommendations (EC Sept. 2024) Hosted by: Alicia Downey, Downey Law LLC and Subrata Bhattacharjee, Borden Ladner Gervais LLP

La presidente della Commissione Europea Ursula von der Leyen lancia la Bussola per la competitività, una comunicazione che delinea la "roadmap" del lavoro legislativo previsto nei prossimi cinque anni, sulla scia delle raccomandazioni del rapporto redatto da Mario Draghi, presentato nel settembre scorso. Ne parliamo a Europa Europa dove diamo spazio anche a quanto accade in queste settimana in Serbia, con il racconto della protesta di un paese che non fa parte dell'Unione, ma che contribuisce a determinarne il futuro.

The European Commission unveiled its “Competitiveness Compass” on 29 January – the Commission's new economic doctrine, aimed at making regulations simpler, lighter and faster. The Compass lends on three dimensions of Mario Draghi's “the future of European competitiveness” report in September 2024 – (1) closing the innovation gap, (2) decarbonisation, and (3) increasing energy security, and offers five enablers, (1) the simplification of the regulatory environment, (2) the merits of the Single Market, (3) financing through a Savings and Investments Union, (4) promoting skills and jobs, and (5) strengthening coordination on policy execution. In this week's podcast, Ehsan Khoman, Head of Research – Commodities, ESG and Emerging Markets (EMEA), contextualises the sustainability reverberations of this blueprint “Competitiveness Compass” report and what corporates and investors should anticipate as key watchpoints in the coming months ahead.

On the fifth anniversary of Brexit, listen to this debate recorded at the Battle of Ideas festival 2024 on Saturday 19 October at Church House, Westminster. ORIGINAL INTRODUCTION In July, on the eve of the General Election, Keir Starmer was asked if he could foresee ‘any circumstances' in which the UK would rejoin the EU's single market ‘in his life'. His response was an emphatic ‘no'. Yet it is clear that Labour wants to ‘reset' the UK's relations with Europe. Reports in July suggested the German government wants to expand Starmer's offer of security cooperation into a ‘mega-deal' that encompasses everything from agricultural rules to the Erasmus student exchange programme. In the period after the UK left the EU, there were considerable difficulties for many businesses in working out how to trade with the EU, despite a deal that largely dispensed with tariffs on goods. Many difficulties remain – particularly with Northern Ireland's status, having a foot in both the EU and the UK markets. Many commentators believe leaving the single market was a mistake that is hitting the UK's economic growth. But others believe that Brexit has had little impact on the economy. The UK's economic problems are longstanding, they argue, and have much more to do with a lack of investment and slow productivity growth than with our trading relations with the EU. The pandemic lockdowns and the energy-price crisis were much more important ‘headwinds' than Brexit. Others believe recent UK administrations have failed to take full advantage of the post-Brexit freedoms to deregulate and pursue other national economic policy opportunities. Moreover, recent UK GDP figures compare favourably with similar countries – Germany, France and Italy – in the EU. Indeed, former European Central Bank boss Mario Draghi has admitted to having ‘nightmares' over Europe's lack of competitiveness and future economic prospects. And there are persistent concerns about being in the single market without being in the EU – that the UK would end up being a ‘rule taker' rather than a ‘rule maker' – while being obliged to accept free movement. How far can Starmer go in forging closer ties with the EU when there is little appetite for reviving the debate about Brexit? Has leaving the single market been an economic disaster as some claim? Or is this yesterday's news, distracting us from the policies we need at home to revive the economy? SPEAKERS Catherine McBride economist; fellow, Centre for Brexit Policy Ali Miraj broadcaster; founder, the Contrarian Prize; infrastructure financier; DJ Dr Thomas Sampson associate professor, LSE; associate in Trade programme, Centre for Economic Performance Gawain Towler former head of press, Reform UK CHAIR Phil Mullan writer, lecturer and business manager; author, Beyond Confrontation: globalists, nationalists and their discontents

With public coffers depleted and an ageing population putting pressure on social safety nets, how can Europe mobilise the financial resources necessary to meet its triple goals of a decarbonised economy, effective defence and technological competitiveness? FRANCE 24's Charles Pellegrin puts the question to his panel of guests at the World Economic Forum in Davos. The EU's objectives are threefold: Completing the transition to a fully decarbonised economy in the face of global warming; Guaranteeing self-reliance in security in the face of Russian expansionism and US isolationism; Boosting European competitiveness in the tech sector to be able to fully rival the United States and China.The cost of these goals was outlined in Mario Draghi's competitiveness report in September 2024: a whopping €800 billion. Achieving them would be no mean feat.Watch moreCan Europe get its industrial groove back?But public coffers are depleted and demographic decline is adding pressure on social safety nets. Capital and banking markets are shallow and fragmented. Yet on the other hand, private savings are at high levels.So what can Europe do? Our panelists give us their take.Read moreFull coverage of the World Economic Forum

Alan and Tonya discuss Mario Draghi's report on EU economic challenges, covering tech innovation gaps, productivity issues, and potential solutions. They also explore AI valuation concerns and its gradual effects on the workforce and economy.

In the latest edition of our Big Debates miniseries, Morgan Stanley Research analysts discuss the factors that will shape the global energy market in 2025 and beyond, and where to look for investment opportunities.----- Transcript -----Michelle Weaver: Welcome to Thoughts on the Market. I'm Michelle Weaver, U.S. thematic and Equity strategist at Morgan Stanley.Devin McDermott: I'm Devin McDermott, Head of Morgan Stanley's North America Energy Team.Mike Canfield: And I'm Mike Canfield, Head of the Europe Sustainability Team,Michelle Weaver: This is the second episode of our special miniseries, Big Debates, where we cover key investment debates for 2025. Today, we'll look at where we are in the energy transition and some key investment opportunities.It's Monday, January 13th at 10am in New York.Mike Canfield: And 3pm in London.Michelle Weaver: Since 2005, U.S. carbon emissions have fallen by about 15 percent. Nearly all of this has been tied to the power sector. Natural gas has been displacing coal. Renewable resources have seen higher penetration. When you look outside the power sector, though, progress has been a lot more limited.Let me come to you first, Devin. What is behind these trends, and where are we right now in terms of the energy transition in the U.S.?Devin McDermott: Over the last 20 years now, it's actually been a pretty steady trend for overall U.S. emissions. There's been gradual annual declines, ratcheting lower through much of this period. [There's] really two primary drivers.The first is, the displacement of coal by natural gas, which is driven about 60 percent of this reduction over the period. And the remainder is higher penetration of renewable resources, which drive the remaining 40 percent. And this ratio between these two drivers -- net gas displacing coal, renewables adding to the power sector -- really hasn't changed all that much. It's been pretty consistent even in this post COVID recovery relative to the 15 years prior.Outside of power, there's been almost no progress, and it doesn't vary much depending on which end market you're looking at. Industrial missions, manufacturing, PetChem -- all relatively stable. And then the transport sector, which for the U.S. in particular, relative to many other markets and the rest of the world, is a big driver transport, a big driver of emissions. And there it's a mix of different factors. The biggest of which, though, driving the slow uptick in alternatives is the lack of viable economic options to decarbonize outside of fossil fuels. And the fact that in the U.S. specifically, there is a very abundant, low-cost base of natural gas; which is a low carbon, the lowest carbon fossil fuel, but still does have carbon intensity tied to it.Michelle Weaver: You've also argued that the domestic natural gas market is positioned for growth. What's your outlook for this year and beyond?Devin McDermott: The natural gas market has been a story of growth for a while now, but these last few years have had a bit of a pause on major expansion.From 2010 to 2020, that's when you saw the biggest uptick in natural gas penetration as a portion of primary energy in the U.S. The domestic market doubled in size over that 10-year period, and you saw growth in really every major end market power and decarbonization. There was a big piece of it. But the U.S. also transitioned from a major importer of LNG, which stands for liquefied natural gas, to one of the world's largest exporters by the end of last decade. And you had a lot of industrial and petrochemical growth, which uses natural gas as a feedstock.Over the last several years, globally, gas markets have faced a series of shocks, the biggest of which is the Russia-Ukraine conflict and Europe's loss of a significant portion of their gas supply, which historically had come on pipelines from Russia. To replace that, Europe bought a lot more LNG, drove up global prices, and in response to higher global prices, you saw a wave of new project sanctioning activity around the world. The U.S. is a key driver of that expansion cycle.The U.S. over the next five years will double; roughly double, I should say, its export capacity. And that is an unprecedented amount of volume growth domestically, as well as globally, and will drive a significant uptick in domestic consumption.So that the additional exports is pillar number one; and pillar number two, which I'd say is more of an emerging trend, is the rise of incremental power consumption. For the last 15 years, U.S. electricity consumption on a weather adjusted basis has not grown. But if you look out at forecasts from utilities, from various market operators in the country, you're now seeing a trend of growth for the balance of this decade and beyond tied to three key things.The first is onshore manufacturing. The second is power demand tied to data centers and AI. And the third is this broader trend of electrification. So, a little bit from EV's, more electric appliances, which fit into this decarbonization theme more broadly. We're looking at now an outlet, this is our base case of U.S. electricity demand growing at just shy of 2 percent per year over the next five years. That is a growth rate that we have not seen this century. And natural gas, which generates about 40 percent of U.S. power today, will continue to be a key player in meeting this incremental demand. And that becomes then a second pillar of consumption growth for the domestic market.Michelle Weaver: And we're coming up on the inauguration here, and I think one really important question for investors is what's going to happen to the energy sector and to renewables when Trump takes office? What are you thinking here?Devin McDermott: Yes. Well, the policy that supports renewable development in the U.S., wind and solar specifically, has survived many different administrations, both Republican and Democratic. And there's actually several examples over the last 10 to 15 years of Republican controlled Congress extending both the production tax credit and investment tax credit for wind and solar.So, our base case is no major change on deployments, but also unlikely to see any incremental supportive policy for these technologies. Instead, I think the focus will be on some of the other major themes that we've been talking about here.One, there's currently a pause on new LNG export permits under the Biden administration that should be lifted shortly post Trump's inauguration. Second, there are greenhouse gas intensity limits on new power plant and existing power plant construction in the U.S. that will likely be lifted, under the incoming Trump administration. So, gas takes a larger share of incremental power needs under Trump than it would have under the prior status quo. And then lastly. Consistently over the last few years, penetration of electric vehicles and low carbon vehicles in general in the United States have fallen short of expectations.And interestingly, if you look at just the composition of new vehicles sold in the U.S. over the past years, nearly two-thirds were SUVs or heavier light duty vehicles that offset some of the other underlying trends of some uptick in EV penetration.Under the prior Trump administration, there was a rollback of initiatives to improve the fuel economy of both light duty and heavy-duty transport. I would not be surprised if we see that same thing happen again, which means you have more longevity to gasoline, diesel, other fossil-based transport fuels. Which kind of put this all together -- significant growth for natural gas that could accelerate under Trump, more longevity to legacy businesses like gasoline and diesel for these incumbent energy companies is not a bad backdrop.Trade's still at double its historical discount versus the broader market. So, not a bad setup when you put it all together.Michelle Weaver: Great. Thank you, Devin. Mike, new policies under the second Trump administration will likely have an impact far beyond the U.S. And with a potential withdrawal of the U.S. from the Paris Agreement and increased greenhushing, many investors are starting to question whether companies may walk back or delay their sustainability ambitions.Will decarbonization still be a corporate priority or will the pace of the energy transition in Europe slow in 2025?Mike Canfield: Yeah, that's the big question. The core issues for EU policymakers at the moment include things like competitiveness, climate change, security, digitalization, migration and the cost of living.At the same time, Mario Draghi highlighted in his report entitled “The Future of European Competitiveness” that there are three transformations Europe has to contend with: to become more innovative and competitive; to complete its energy transition; and to adapt to a backdrop of less stable geopolitics where dependencies are becoming vulnerabilities, to use his phrase.We do still expect the EU's direction of travel on things like the Fit for 55 goals, its targets to address critical mineral supplies, and the overall net zero transition to remain consistent. And the UK's Labour Party has advocated for Clean Power 2030 goals of 95 percent clean generation sources.At the same time, it's fair to say some commentators have pointed to the higher regulatory burden on EU corporates as a potentially damaging factor in competitiveness, suggesting that regulations are costly and can be overcomplicated, particularly for smaller companies. While we've already had a delay in the implementation of the EU's deforestation regulation, some questions do remain over other rules, including things like the corporate sustainability, due diligence directive, and the design of the carbon border adjustment mechanism or CBAM.We're closely watching corporates themselves to see whether they'll reevaluate their investment plans or targets. One example we've actually already seen is in the metals and mining space where decarbonisation investment plans were adjusted because of inadequate green hydrogen infrastructure and policy concerns, such as the effectiveness of the CBAM.It does remain committed to its long-term net zero goals. But the company has acknowledged that practical hurdles may delay achievement of its 2030 climate ambitions. We wouldn't be surprised to see other companies take an arguably more pragmatic, in inverted commas, approach to their goals, accepting that technology, infrastructure and policy might not really be ready in time to reach 2030 targets.Michelle Weaver: Do you believe there are still areas where the end markets will grow significantly and where companies still offer compelling opportunities?Mike Canfield: Yeah, absolutely. We think sustainable investing continues to evolve and that, as with last year, stock selection will be key to generating alpha from the energy transition. We do see really attractive opportunities in enabling technologies across decarbonisation, whether that's segments like grid transmission and distribution, or in things like Industry 4.0.We'd recommend focusing on companies with clear competitive moats and avoiding the relatively commoditized areas, as well as looking for strong pricing power, and those entities offering mission critical products or services for the transition. We do anticipate a continued investment focus on data center power dynamics in 2025 with cooling technology increasingly a topic of investor interest.Beyond the power generation component, the urgent need for investment in everything from electrical equipment to grid technologies, smart grid software and hardware solutions, and even cables is now increasingly apparent. We expect secular growth in these markets to continue apace in 2025.Within Industry 4.0, we do think adoption of automation, robotics, machine learning, and the industrial Internet of Things is set to grow strongly this year as well. We also see further growth potential in other areas like energetic modernization in buildings, climate resilience, and the circular economy.Michelle Weaver: And with the current level of policy uncertainty has enthusiasm for green investing or the ‘E' environmental pillar of ESG declinedMike Canfield: I think evolved might be a fairer expression to use than declined. Certainly, reasonable to say that performance in some of the segments of the E pillar has been very challenging in the last 12 to 24 months -- with the headwinds from geopolitics, from the higher interest rate backdrop and inflation. At the same time, we have seen a transition towards improver investment strategies, and they're continuing to gain in popularity around the world.As investors recognize that often the most attractive alpha opportunities are in the momentum, or direction of travel rather than simple, so-called positive screening for existing leaders in various spaces. To this end, the investors that we speak to are often focused on things like Capex trends for businesses as a way to determine how companies might actually be investing to deliver on their sustainability ambitions.Beyond those traditional E, areas like renewables or electric vehicles, we have therefore seen investors try to diversify exposures. So, broadening out to include things like the transition enablers, the grid technologies, HVAC -- that's heating, ventilation and cooling, products supporting energy efficiency in buildings, green construction and emerging technologies even, like small modular nuclear reactors alongside things like industrial automation.Michelle Weaver: And, given this evolution of the e pillar, do you think that creates an opportunity for the S or G, the social or governance components of ESG?Mike Canfield: We do think the backdrop for socially focused investing is very strong. We see compelling opportunities in longevity across a lot of elements, things like advanced diagnostics, healthier foods, as well as digitalization, responsible AI, personal mobility, and even parts of social infrastructure. So things as basic as access to water, sanitation, and hygiene.One topic we as a team have written extensively on in the last few months It's preventative health care, for example. So, while current health systems are typically built to focus on acute conditions and react to complications with pharmaceuticals or clinical care, a focus on preventative care would, at its most fundamental, address the underlying causes of illnesses to avoid problems from arising in the first place.We argue that the economic benefits of a more effective health system is self evident, whether that's in terms of reducing the overall burden on the system, boosting the workforce or increasing productivity. Within preventative healthcare, we point to fascinating investment opportunities across innovative biopharma, things like smart chemotherapy, for example, alongside solutions like integrated diagnostics, effective use of AI and sophisticated telemedicine advances -- all of which are emerging to support healthy longevity and a much more personalized targeted health system.Michelle Weaver: Devin and Mike, thank you for taking the time to talk, and to our listeners, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen to the show and share the podcast with a friend or colleague today.

Dva bývalí italští premiéři provedli vyšetření a stanovili diagnózu – Evropská unie si nevede dobře, potřebuje zásadní a hloubkovou léčbu. Mario Draghi popsal tuto bídu s nouzí na čtyřech stovkách stran a všichni se shodli v tom, že jeho fotografie neutěšeného stavu opravdu sedí.

L'Europe a décroché face aux États-Unis. Pour comprendre ce décrochage économique, il y a parfois des photos ou des vidéos qui en disent plus sur l'état d'un pays ou d'un continent que de très longs discours. La vidéo qui m'a marqué récemment est liée à Donald Trump, assis au premier rang à gauche pour la réouverture officielle de la cathédrale Notre-Dame de Paris, grand bourru massif. Donald Trump ne voit pas que plusieurs ministres français, dont Rachida Dati, mais également Michel Barnier, le Premier ministre sortant, sont en train de le regarder en coin comme une bête de foire, ou plutôt comme des gamins voyant de près une vedette internationale. En réalité, ce que les politiques français ont surtout vu, c'est que Donald Trump, tout en n'étant pas encore à la Maison-Blanche, son intronisation aura lieu le 20 janvier prochain. Trump impose déjà son agenda politique et économique au monde entier. Mieux encore, ce presque octogénaire a réussi l'exploit de réunir tous les pouvoirs entre ses mains. Et puis il y a Elon Musk… Mots-Clés : pouvoir exécutif, législatif, contrôle, Sénat, la Chambre, judiciaire, Cour suprême, essentiel, monde du business, Atlantique, pays, importants économiquement, Allemagne et la France, problèmes politiques insolubles, élections anticipées, débloquer, crise politique, modèle économique, absence, gaz russe, fermeture, marché chinois, France, chute, gouvernement, Barnier, dissolution, président Macron, pays ingouvernable, investisseurs, calendes grecques, investissement, Belgique, enquête, confrères, quotidien économique, flamand, De Tijd, avocats d'affaires, belge, pessimiste, 2025, vagues de licenciements collectifs, carrière, officiels, coût de l'énergie, indexation salariale, automatique, photo, Elon Musk, bagages, cathédrale, Carla Bruni, Nicolas Sarkozy, riche, monde, conquérant, internaute, milliards, fortune, dette publique, caricatural, rapport, Bible, rapport, tiroirs, Commission, Presse Anglo-Saxonne, critiquer, Winter is coming for Europe, célèbre, réplique, saga Game of Thrones, fin d'année, croissance, jeunesse, dollar, innovation, faveur, chiffres, continent, dérive, PIB, en berne, population, déclin, esprit, prophète, Mario Draghi, sauver, chemin de la rédemption. --- La chronique économique d'Amid Faljaoui, tous les jours à 8h30 et à 17h30. Merci pour votre écoute Pour écouter Classic 21 à tout moment i: https://www.rtbf.be/radio/liveradio/classic21 ou sur l'app Radioplayer Belgique Retrouvez tous les épisodes de La chronique économique sur notre plateforme Auvio.be :https://auvio.rtbf.be/emission/802 Et si vous avez apprécié ce podcast, n'hésitez pas à nous donner des étoiles ou des commentaires, cela nous aide à le faire connaître plus largement. Découvrez nos autres podcasts : Le journal du Rock : https://audmns.com/VCRYfsPComic Street (BD) https://audmns.com/oIcpwibLa chronique économique : https://audmns.com/NXWNCrAHey Teacher : https://audmns.com/CIeSInQHistoires sombres du rock : https://audmns.com/ebcGgvkCollection 21 : https://audmns.com/AUdgDqHMystères et Rock'n Roll : https://audmns.com/pCrZihuLa mauvaise oreille de Freddy Tougaux : https://audmns.com/PlXQOEJRock&Sciences : https://audmns.com/lQLdKWRCook as You Are: https://audmns.com/MrmqALPNobody Knows : https://audmns.com/pnuJUlDPlein Ecran : https://audmns.com/gEmXiKzRadio Caroline : https://audmns.com/WccemSkAinsi que nos séries :Rock Icons : https://audmns.com/pcmKXZHRock'n Roll Heroes: https://audmns.com/bXtHJucFever (Erotique) : https://audmns.com/MEWEOLpEt découvrez nos animateurs dans cette série Close to You : https://audmns.com/QfFankx

In a few decades, will Europe be good for anything beyond food and tourist experiences? With Europe lagging on innovation, productivity and with extremely costly decisions on the Energy side, and needing to defend itself, what is next?Navigation:Intro (01:34)New report out from Mario DraghiProfound mistakes in Energy initiatives increasing costs and competitivenessDalio and Lee Kuan Yew commentsLack of growth in Europe, lack of creation of new European championsToo much protection for employees?Too Complex regulations around companies and innovation initiatives are too bureaucraticConclusionOur co-hosts:Bertrand Schmitt, Entrepreneur in Residence at Red River West, co-founder of App Annie / Data.ai, business angel, advisor to startups and VC funds, @bschmittNuno Goncalves Pedro, Investor, Managing Partner, Founder at Chamaeleon, @ngpedroOur show: Tech DECIPHERED brings you the Entrepreneur and Investor views on Big Tech, VC and Start-up news, opinion pieces and research. We decipher their meaning, and add inside knowledge and context. Being nerds, we also discuss the latest gadgets and pop culture news Subscribe To Our Podcast Nuno Goncalves PedroWelcome to Episode 60 of Tech DECIPHERED. Today, we will discuss European competitiveness. The competitiveness of all of Europe, not just the European Union, but the whole of Europe. It's been in the news recently. There's been a new report out from Mario Draghi a couple of months ago that really mentions what is happening in Europe, what are the things that need to be done for Europe to increase its competitiveness going forward. Nuno Goncalves PedroThere have been a lot of discussions around the world on Asia, in particular, and American dominance of the world economy. Europe is lagging behind. What do we make out of all of this? Maybe let's start with the report out from Mario Draghi and the conclusions of that report. Bertrand SchmittYes, I think it was for once, a pretty interesting and pretty lucid report from a commission by the European Commission and written by Mario Draghi with a lot of support from many CEOs and also entrepreneurs to provide feedback to try to explain what's happening, what's going on. I would agree with everything in terms of analysis or conclusion, but I must say it's a good read. Bertrand SchmittMaybe a few points that he's making is first acknowledging that there is an issue in European competitiveness and growth since the past 20, 25 years. This lack of competitiveness and growth has increased with a great financial crisis from 2008-2012. In 2012, there was a crisis around the euro. I think it is indeed time to try to look back at what happened and try to get some sense about what could be done differently going forward. Nuno Goncalves PedroA couple of really astute observations. Obviously, the GDP growth of Europe has lag behind that of the US and China. The period of time from 2002-2023, the US has grown 2% and both on constant prices and constant PPP prices. China, 8.3% and the EU, 27 at 1.4%. Obviously this report is on the EU. Clearly lagging, and the lag is significant. Nuno Goncalves PedroIf we look at GDP at constant prices, there was a 17% delta in 2002 between US and Europe, and now there's a 30% delta between US and Europe. It's lagging you further behind. Even more seriously, China has outpaced it on constant prices. If we look at constant PPP prices, the EU was actually 4% above the US back in 2002, and it is now below 12% of the US. Nuno Goncalves PedroChina has outpaced both of them at constant PPP prices. This is worrisome. I think Mario Draghi makes, or the report makes a bunch of very significant and strong statements, which basically are saying, "We cannot, as the European Union, continue like this and have the social welfare that we put in place in all these countries." something's got to give. Nuno Goncalves PedroHe goes on to make a couple of proposals and what he thinks need...

Pendant que le Bitcoin franchit pour la première fois la barre symbolique des 100.000 $, les députés français font tomber le gouvernement de Michel Barnier. L'extrême droite et l'extrême gauche, les écologistes et les socialistes ont voté paradoxalement ensemble pour renverser ce gouvernement dont ils ne voulaient plus. La France va donc entrer dans une période de chaos politique intense. La France dont le destin, en tant que Belge, ne nous est pas indifférent, pour la simple raison que la France, c'est le deuxième client de la Belgique, c'est le troisième fournisseur de notre pays. Nous sommes aussi le sixième investisseur étranger en France et 2480 filiales françaises sont actives aujourd'hui en Belgique. Bref, impossible de ne pas s'intéresser à ce qui se passe en ce moment en France. Alors si on écoute le Premier ministre sortant, son ministre du Budget ou encore sa porte-parole, nous allons entrer dans une tempête ou une crise économique, ou pire encore, un scénario à la grecque. Alors c'est vrai, quand vous êtes défait en politique, il est normal de prédire le chaos après vous. C'est humain et personne ne va blâmer Michel Barnier d'être amer et de tenir, lui et son équipe, des propos très forts, voire apocalyptiques. Mais de l'avis même des experts économiques, la France n'est pas la Grèce. Et même si la situation est très désagréable, comparer les deux pays n'a aucun sens… Mots-Clés : zone euro, jouer, crise, puissance X, Europe, fondateurs, Union européenne, Mario Draghi, ancien président, Banque centrale européenne, magique, défendre, dette publique, grecque, marchés financiers, instrument, acheter, investisseurs, étrangers, détourner, snober, techniquement, impossible, différence, énorme, liquide, qualités, alternatives, dette, allemande, importante, américaine, risque, change, dollar, espagnole, portefeuilles, grandes banques, institutionnel, compagnie d'assurances, résumé, situation, grave, désespérée., députés français, risque, taux d'intérêt, dette publique, remboursement argent, santé, école, justice, transition écologique, renverser, gouvernement, Barnier, députés, priorité, électorat populaire, défendre, bec et ongles, vilain, gouvernement, petit, chiens de berger, molosses. --- La chronique économique d'Amid Faljaoui, tous les jours à 8h30 et à 17h30. Merci pour votre écoute Pour écouter Classic 21 à tout moment i: https://www.rtbf.be/radio/liveradio/classic21 ou sur l'app Radioplayer Belgique Retrouvez tous les épisodes de La chronique économique sur notre plateforme Auvio.be :https://auvio.rtbf.be/emission/802 Et si vous avez apprécié ce podcast, n'hésitez pas à nous donner des étoiles ou des commentaires, cela nous aide à le faire connaître plus largement. Découvrez nos autres podcasts : Le journal du Rock : https://audmns.com/VCRYfsPComic Street (BD) https://audmns.com/oIcpwibLa chronique économique : https://audmns.com/NXWNCrAHey Teacher : https://audmns.com/CIeSInQHistoires sombres du rock : https://audmns.com/ebcGgvkCollection 21 : https://audmns.com/AUdgDqHMystères et Rock'n Roll : https://audmns.com/pCrZihuLa mauvaise oreille de Freddy Tougaux : https://audmns.com/PlXQOEJRock&Sciences : https://audmns.com/lQLdKWRCook as You Are: https://audmns.com/MrmqALPNobody Knows : https://audmns.com/pnuJUlDPlein Ecran : https://audmns.com/gEmXiKzRadio Caroline : https://audmns.com/WccemSkAinsi que nos séries :Rock Icons : https://audmns.com/pcmKXZHRock'n Roll Heroes: https://audmns.com/bXtHJucFever (Erotique) : https://audmns.com/MEWEOLpEt découvrez nos animateurs dans cette série Close to You : https://audmns.com/QfFankx

El comentario de José Carlos Díez, 'El faro económico', comienza con la advertencia de Mario Draghi y los frentes abiertos en Europa y España en la situación actual.

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg audience survey.  Deutsche Bank AG Chief Financial Officer James von Moltke discusses third-quarter earnings, the lender's buyback plans, as well as the banking consolidation landscape in Europe. Von Moltke also talks about tariffs and trade relationships with China and the United States, and Mario Draghi's competitiveness report. He speaks with Bloomberg's Oliver Crook.See omnystudio.com/listener for privacy information.

Europe is facing a critical challenge. When it comes to advanced technology innovation, labor productivity, and affordable energy, it's not keeping up with the U.S. and China. At least that's the take from Mario Draghi, former European Central Bank president, in his European Commission report last month titled, “The Future of European Competitiveness.” The last five years for the European Union have been tumultuous – from the pandemic to an energy crisis sparked by Russia's invasion of Ukraine, to the European Green Deal. How Europe moves forward in the face of these challenges will directly impact its short and long-term energy security, and the pace of its transition to clean energy. And it's all playing out against the backdrop of an ever-worsening climate crisis.  This week, host Jason Bordoff talks with Kadri Simson. Kadri has been the European Commissioner for Energy since 2019. Before that, she was the Estonian minister for economic affairs, and held various other positions in the Estonian government.  Kadri visited the Columbia campus during Climate Week in New York City. They discussed the impact of Russia's attacks on Ukraine's energy infrastructure, Europe's progress in weaning itself off Russian gas, and member states' attitudes toward nuclear power, among other topics.

 In this episode, we continue our European mini-series, moving from Germany to the broader continental landscape. Europe faces mounting economic challenges as Mario Draghi, the former president of the European Central Bank and technocratic Italian prime minister, issues a bold €800 billion investment proposal aimed at closing the gap with the U.S. and China. Is Europe falling behind due to overregulation, fragmentation, and a lack of innovation? We discuss Draghi's call for massive investment, the continent's economic stagnation, and why the gap between Europe and America has widened over the past two decades. Is the European dream of a unified, prosperous continent slipping away, or can Draghi's vision revive the old-world dynamism that once defined it? Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast. Hosted on Acast. See acast.com/privacy for more information.

The EU is preparing to provide up to €40bn in new loans for Ukraine by the end of the year, and Boeing is considering temporary furloughs as its machinists continue to strike. The company behind ChatGPT is launching a new product it claims can solve complex mathematical and scientific problems. Plus, former European Central Bank president Mario Draghi launches a master plan to boost EU competitiveness.Mentioned in this podcast:EU plans to raise up to €40bn in loans for Ukraine without US Boeing considers furloughs amid machinist strike OpenAI launches AI models it says are capable of reasoning Will Mario Draghi's masterplan get the momentum it needs?The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Persis Love, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In this episode, Alan Dunne and I explore Mario Draghi's latest vision for Europe and discuss an insightful interview with Kenneth Rogoff, titled "We Will See More Spikes in Inflation," which covers key macroeconomic issues. We also explore the recent Goldman Sachs reports, highlighted by the Financial Times, showing significant outflows from multi-strategy funds. Alan shares his perspective on the current macro landscape and why he believes we may witness more “flash crashes and extreme market moves” in the near future. Finally, we dig into two articles by Cliff Asness—"The Less Efficient Market Hypothesis" and "In Praise of High-Volatility Alternatives"—which challenge traditional thinking on market efficiency and make a compelling case for considering higher volatility versions of strategies like Trend Following over their low-volatility cousins.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Episode TimeStamps:00:42 - What has caught our attention recently?05:04 - Draghi's vision for Europe08:09 - Keneth Rogoff's outlook for inflation14:02 - Clients withdrawing money from multi-strat funds19:58 - The big macro picture27:33 - Is monetary policy still loose?29:11 - Industry performance update (Finally!)34:11 - The carry unwind41:20 - Are people underestimating trend following?44:51 - Are markets becoming less efficient?48:30 - Why higher volatility funds may be good for your portfolio56:52

Episode 406: Neal and Toby recap the “glowtime” event held by Apple showcasing their latest line of devices including the new iPhone 16 which has been dipped in AI. Then, the DOJ isn't done with Google just yet as it starts its 2nd antitrust case against the tech company's massive search business. Next, economist Mario Draghi has some harsh realities for the EU if it wants to keep up with the rest of the world. Meanwhile, cars are getting bigger, heavier, and…more dangerous. Plus, this startup claims its AI can detect lies much better than the old-fashioned polygraph test, and over Zoom. Lastly, Tom Brady is stepping back onto the football field…to get to the broadcast booth as he makes his commentator debut. And it's been…just OK.  Visit https://www.massmutual.com/ for all your financial planning needs Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316  Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

In a keenly awaited report Mario Draghi, former head of the European Central Bank, proposed a set of policies to make the European Union more competitive.