The Draghi report interrupts the EU silent “family dinner”
... digitalise and decarbonise the economy and increase the defence capacity. Specific numbers, though, are only mentioned toward the end of Part A. The EU will need at least 750-800 billion euros a year in additional investment, corresponding to 4.4-4.7% of EU GDP in 2023. This would require the EU’s investment share to jump from 22% of GDP today to around 27%, i.e., by five percentage points, “reversing a multi- decade decline across most of large EU economies.” In other words, digitalisation and decarbonisation ...