Draghi: it's time for EU reforms, you possibly can't all the time say no | EUROtoday

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«They requested me on the finish of Ecofin what the order of reforms wanted for the EU is, I don't know what the order is, however please, it's time to do one thing, you determine what however please, let or not it’s executed one thing, you possibly can't spend all of your time saying no.” According to what Ansa understands, Mario Draghi said this while speaking to the presidents of the European Chamber commissions meeting on the competitiveness dossier, on which the former prime minister was tasked with compiling a report.

Last weekend the former Italian prime minister also presented the report to the European finance ministers. On that occasion he had insisted on the need to mobilize enormous investments to allow Europe to compete with the USA and China, both public and private investments.

Single market needs to improve a lot

«Money – he added – is only one aspect of the problem. The other aspect is a profound review of the rules we have built and worked on. The single market is another example: we called them structural reforms. This is what we need to do now: structural reforms, at the European Union level. The single market is highly imperfect: there are hundreds of directives that are not implemented, or which are implemented differently depending on the country.”

We can't pay thrice as a lot electrical energy because the US

«The electrical energy market – he continued – is one other sector we should have a look at, as a result of clearly Europe can’t be aggressive if we pay thrice as a lot for electrical energy because it prices within the USA and 5 – 6 instances as a lot for pure gasoline. There are many issues we have to do, of which cash is just one,” she concluded.