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The Latest Breaking News from Mario Draghi

Leaders embrace two-speed Europe to break impasse as Macron sets June deadline for economic reset

President Macron sets June deadline for a comprehensive reboot of the European economy and sees Eurobonds as an integral part of plan.

Euronews

Newsletter: Avoiding the 'slow agony' of EU economic decline

How to restore Europe's economic edge in a world of aggressive competition? It's the question on the table as EU leaders gather for a retreat in the Belgian countryside later today.

Euronews

EU leaders agree to move ahead with ‘Buy European’ policy

Ursula von der Leyen promises action plan to boost and protect sectors including defence, AI and clean tech

The Guardian - UK

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EU leaders push to rescue European economy challenged by China and US

EU leaders will converge on a Belgian castle on Thursday as the bloc seeks ways to punch its economic weight on the global stage – faced with threats from China and the United States, and hamstrung by its own divisions.

Radio France Internationale

‘A world in disarray’: Europe’s moment of awakening

Facing existential challenges on trade and security, the bloc has finally realised it has to grow up and go it alone – but the path ahead is a rocky one

The Guardian - UK

France set to clash with Germany and Italy as EU leaders seek economic boost

Paris is facing a Berlin-Rome axis in the debate over how to revive the EU economy. From eurobonds to a European preference and the Mercosur trade deal, competing visions are set to collide when the bloc’s 27 leaders meet on Thursday.

Euronews

As challenges mount, a two-speed Europe emerges as a way out

The notion of a two-speed Europe has come to the fore as leaders search for groundbreaking solutions to revive the stagnant economy.

Euronews

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EU leaders grapple with how to build and finance a competitive Europe

EU leaders want to turn Europe into a competitive economic powerhouse with a strong single market, but they must agree on how to build and finance it. These questions will be at the heart of an informal summit on Thursday.

Euronews

'EU countries should find resources without joint debt,' MEP Terras tells Euronews

In an interview with Euronews' flagship morning show Europe Today, EPP group's prominent MEP Riho Terras, said that EU member states should refrain from issuing common debt in order to finance their defence spending.

Euronews

Newsletter: EU leaders raise the stakes ahead of talks on economic revival

Also in this newsletter: EU officials express reservations over Spain's decision to regularise undocumented migrants, and why the EU wants to end the price cap on Russian oil.

Euronews

Von der Leyen pitches two-speed Europe ahead of Draghi crunch summit

Commission President says bloc should consider cooperation among smaller groups of countries if unanimity is not possible to push through economic agenda. Draghi called for 'pragmatic federalism' ahead of crunch summit.

Euronews

EU urged not to roll back green agenda in effort to revive faltering economy

Campaigners say industrial issues cannot be solved by watering down climate and environmental policies

The Guardian - UK

Von der Leyen convenes seminar to address competitiveness and 'frustrations'

Two commission officials indicated that the "seminar" on competitiveness will also address the Commission’s “working methods”.

Euronews

Europeans 'would do well listening to Mario Draghi,' OECD chief tells Euronews

OECD chief says appetite for multilateral trade remains strong despite tariffs. Cormann says Europe should take note of recommendations laid out by former ECB president Mario Draghi to maintain 'success story' of the EU.

Euronews

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The Guardian - UK

EU has ‘open mind’ on UK customs union talks, says official

Valdis Dombrovskis says bloc is ‘ready to engage’ amid meetings with ministers including Rachel Reeves

Euronews

Newsletter: 'Super Mario' returns at another moment of European economic reckoning

Also in this newsletter: why European leaders are flocking to Beijing amid transatlantic tensions, the latest on Ukraine peace efforts, and the French budget is adopted after months of political gridlock.

Euronews

EU must become a 'genuine federation' to avoid deindustrialisation and decline, Draghi says

The former Italian prime minister said the European Union risks subordination, division and deindustrialision all at once if it does not pull closer together.

Euronews

EU industry chief calls for 'European preference' ahead of high-stakes EU leaders’ meeting

EU industry commissioner Stéphane Séjourné called for a "European preference" to boost the bloc's competitiveness, but member states are divided over the strategy.

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The Guardian - UK

‘Keep on dreaming’: could Europe really defend itself without the US?

Nato chief has glibly dismissed prospect of coping without US support, but in the age of Trump the case for autonomy is growing

Euronews

Newsletter: Costa vouches for ‘cooperation over confrontation’ in an ‘uncertain world’

Also in this newsletter: Zelenskyy sets 2027 deadline for Ukraine's EU accession, and how France is emerging as the main holdout in push to blackslist Iran's Revolutionary Guard.

Euronews

Draghi to join EU leaders at retreat to boost competitiveness, Costa tells Euronews

Costa has held a series on informal meetings bringing together the 27 leaders to brainstorm without the formalities of a European summit.

Euronews

European Commission urges heavy industry to back 'Made in Europe' manufacturing - leak

The European Commission is asking business leaders to "support and sign" a French-led initiative to increase the share of European industrial production, according to a letter seen by Euronews. The EU executive's call comes a few days before the Industrial Accelerator Act is presented.

The Guardian - UK

US capitalism casts millions of citizens aside, yet Badenoch and Farage still laud it

Rightwing parties want to follow in US’s footsteps of minimal government intervention, but at what cost?

Euronews

'We're all Draghians': EU's Albuquerque calls to seize momentum for capital markets union

The EU's financial services chief Maria Luís Albuquerque calls on lawmakers to seize what she described as a "moment of urgency" to finalise tools to create a true European capital markets union. Albuquerque says its completion could unlock trillions and boost the European economy.

Euronews

Capital Markets Union deal 'possible' within a year, Commissioner Albuquerque tells Euronews

European financial services chief Maria Luís Albuquerque says it is ‘possible’ to reach an agreement on the pending legislation needed to achieve the Capital Markets Union. She says political will among co-legislators will be key to get it done as she pushes for ambitious timeline.

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