Two years after Mario Draghi warned that the EU faced “slow agony” unless it tackled its competitiveness crisis, little of his prescription has become reality.
Only 15.7 per cent of the 383 recommendations in Draghi’s report had been fully implemented by July, according to a tracker compiled by the European Policy Innovation Council, a think-tank. The limited progress comes despite repeated pledges by EU leaders and European Commission president Ursula von der Leyen to put economic revival at the centre of the bloc’s agenda.
Posted by adappergentlefolk
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It’s over
The United States and Trump White House thanks you for your continued patronage.
To be honest, 16% fully implemented and 40% partially implemented in 2 years doesn’t sound that bad. At least if the partial is generally good partial implementation. That could be better than I expected. Especially if they continue to implement stuff. Serious reforms often need a lot of time, so you could hope for somewhat of an acceleration.
This is a wake up call for the EU to utter more wake up calls.
What are heavy hitters from Draghi’s proposals?