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Europe, take care of the basics first
The European Union faces important course changes. Give tighter integration free rein, but be wary of French dirigisme, argues Paul van Gerven.
This summer, former ECB president and Italian Prime Minister Mario Draghi will present recommendations to increase the competitiveness of the European Union. Together with a report published in April, “Much more than a market,” on the single market, written by another former Italian PM, Enrico Letta, Draghi’s work will lay the groundwork for a number of European Union reforms.
In a speech last April, “Super Mario” already announced that his proposals will be “radical.” He notes that the way the EU is organized is no longer effective in the post-COVID, post-Ukraine and post-WHO era. His solution is a second wave of European integration: the EU’s single market isn’t complete; far too often, national borders still act as barriers to doing business.