Former European Central Bank (CEB) President Mario Draghi’s report, The Future of European Competitiveness, proposes an ambitious strategy for enhancing the EU’s global economic standing, focusing on innovation, decarbonization, and security. While the report underscores the need for significant investments—estimated at €800 billion—to stimulate growth, it prioritizes rapid industrial scaling without adequately addressing inclusivity or sustainability.

This policy brief critically evaluates Draghi’s vision, offering recommendations for fostering equitable growth, emphasizing decarbonization as a goal rather than a tool for profit, and maintaining strong financial regulations to ensure long-term stability. By integrating these principles, the EU can align economic competitiveness with its commitments to social equity and environmental responsibility.