Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Draghi to speak to EU ministers ahead of competitiveness report, source says

Published 02/12/2024, 11:37 AM
Updated 02/12/2024, 11:40 AM
© Reuters. FILE PHOTO: Italy's outgoing Prime Minister Mario Draghi leaves following a formal handover ceremony at Chigi Palace in Rome, Italy October 23, 2022. REUTERS/Remo Casilli/File Photo

ROME (Reuters) - Former ECB president Mario Draghi will consult with EU finance ministers this month on how to sustain investments in digital and green transitions as he prepares a report on the bloc's competitiveness, a source close to the matter said.

Draghi has been mandated by European Commission President Ursula von der Leyen to come up with proposals to revitalise the EU's economy in the face of competition from China and the United States.

Draghi, who has also served as Italy's prime minister in 2021-2022, wants to tap the EU ministers on what is needed to mobilise public and private investment, the source said.

The report, which will make recommendations, is expected to be published by the end of June.

Informal talks between Draghi and the EU finance ministers will take place on Feb. 24 at the end of a planned 3-day Ecofin meeting in the Belgian city of Ghent.

He met business leaders in Milan in January.

The name of Draghi, 76, has been floated as a potential option for a top EU job after European parliamentary elections in June.

A source close to Draghi has denied he is interested in a role in European institutions, but Italian political sources said he would not withdraw if there was a consensus on his candidacy.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.