“The future of European competitiveness,” a report by former Italian Prime Minister Mario Draghi published by the European Commission on September 9 “to save the European economy,” has been unanimously welcomed by the European media, as likely to propel the European Union out of the nasty rut it has been in for 20 years.
Let us humbly offer a dissenting opinion: it does not seem that Draghi’s report, even if implemented — which is doubtful — will solve anything on a European macroeconomic scale. The problem seems that Draghi refuses to take leave of the Germano-environmentalist myth of a zero-carbon Europe.
