Mario Draghi, former head of the European Central Bank, has released a report outlining a plan to revitalize Europe’s economy and close the growing gap with the US and China. The report calls for significant investment in green and digital technologies, a more integrated European industrial policy, and a greater willingness to use common debt financing. However, the plan faces significant political obstacles, particularly resistance from some northern European countries who are reluctant to increase public spending and share debt. Jess and Mitch discuss the urgency of the situation, emphasizing the need for action to avoid further decline, while also highlighting the challenges in achieving consensus and implementing such a large-scale plan.

Disclaimer:
** The podcast audio is generated by Google AI.
** Image of Jess and Mitch by wayhomestudio on Freepik.

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