Europe’s Path to Lasting Competitiveness – What is the Draghi Report

In September 2024, the European Commission released “The Future of European Competitiveness: In-Depth Analysis and Recommendations.”

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What is the Draghi Report?

​The “Draghi Report,” officially titled “The Future of European Competitiveness – A Competitiveness Strategy for Europe,” is a comprehensive analysis authored by former European Central Bank President Mario Draghi and published in September 2024. The report addresses the challenges facing the European Union (EU) in maintaining and enhancing its global economic standing.

Why Now?

The world is evolving fast. Emerging competitors invest heavily in innovation. Industries must decarbonize. Workforces need new skills. Europe’s response today will determine its prosperity tomorrow.

Key Priorities on the Draghi Report

  1. Innovation & Technology:
    Europe must lead in strategic areas like semiconductors, quantum computing, and AI. Turning research into market-ready solutions is crucial for setting global standards instead of following them.
  2. Skills for the Future:
    Workers need green and digital skills to thrive. Improved education, lifelong learning, and attracting global talent will ensure Europe’s workforce drives growth rather than lags behind.
  3. Green Growth Advantage:
    Climate neutrality isn’t just ethical—it’s economically smart. By investing in renewable energy, sustainable manufacturing, and resource efficiency, Europe can define the world’s new industrial benchmarks.
  4. A Strong Single Market & Strategic Resilience:
    A more integrated Single Market unlocks growth. Boosting capital access, cutting red tape, and diversifying supply chains will give Europe both openness and resilience.

Why It Matters

A stronger, greener, and more innovative Europe means better jobs, cleaner energy, and a stable future. The Commission’s roadmap isn’t just policy—it’s about ensuring that European values and ingenuity shape tomorrow’s global economy.

Download the Draghi Report here, accessible on the European Commission’s website:

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