Carlo Martuscelli and Hanne Cokelaere
The United States and the European Union have faced similar challenges over the past couple of decades, with the financial crash and the Covid pandemic wreaking economic havoc, taking years to recover from.
But of the two, it's America that has found a way to surge ahead. When it comes to things that create wealth — science, innovation, even a higher birthrate — the U.S. is ahead by most metrics.
The EU is trying to change that. It hired the former European Central Bank chief Mario Draghi to deliver a report into all that was wrong and everything that needs to be done about it. A year and 400 pages later, the verdict was clear: The gap between the EU and U.S. is only growing. Drastic measures are called for.
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