Energy Dependency: Europe’s Achilles Heel?

Mario Draghi's much-anticipated report on European competitiveness, released on September 9th, provides a comprehensive assessment of Europe's economic challenges and proposes solutions.  The report has garnered mixed reactions, with some praising its thoroughness and others criticizing its recommendations. Draghi's Assessment of the European Economy Draghi highlights the decline of the European economy, evidenced by a falling share of global GDP and trade.  He attributes this primarily to lagging productivity, particularly in digitalization.…