Mario Draghi

In Europe, we all needed what Mario Draghi offered us last week. In the 400 pages of his report on the future of European competitiveness, he first reminded us of the values on which it was founded and for which the European Union deserves to exist.

Ekaterina Zaharieva gave her first comment after being nominated for the role of European Commissioner for Startups, Innovation, and Research. She highlighted that this is one of the key portfolios for the future, playing a crucial role in the next European Commission.

Greek Prime Minister Kyriakos Mitsotakis has urged the European Commission to address distortions and fragmentation in the European energy market, which led to significant discrepancies in wholesale electricity prices between Southeastern Europe and other EU countries during the summer, according to the Financial Times.

Mario Draghi's warnings about the future of the European Union if it does not proceed with radical solutions for its economy are more than clear. 

Prolonging inactivity will jeopardize the well-being and safety of its citizens, even its raison d'etre, he said in his long-awaited report. 

The title is wrong.

An additional 800 billion euros per year in investments are needed by the European Union to undertake rapid and substantial reforms to address its lag behind the United States and China. This is detailed in the much-anticipated report on EU competitiveness, prepared by former European Central Bank Governor Mario Draghi at the request of European Commission President Ursula von der Leyen.

European Union countries are buying too much of their defense equipment abroad, almost two thirds of it in the United States, and failing to invest enough in joint military projects, a landmark report on EU competitiveness warned on Monday.

Mario Draghi is calling for up to 800 billion euros a year in additional investment from EU member states so that the EU can regain the competitiveness of its economy and avoid being trapped in the US and China.

Italian Prime Minister Giorgia Meloni paid her first visit to Türkiye on Jan. 20, engaging in discussions with President Recep Tayyip Erdoğan at Istanbul's Vahdettin Mansion.

The closed-door meeting marks the third in-person meeting between Meloni and Erdoğan, following their encounters at the NATO summit in Vilnius last July and the U.N. General Assembly in New York in September.

Italian Premier Giorgia Meloni is looking to boost already strong energy ties with Algeria to further wean Italy off Russian energy, a focus of her two-day visit to the North African nation that started yesterday.