Mario Draghi

Bulgaria does not view mandatory tax measures in corporate taxation as a path to boosting competitiveness, stated Deputy Prime Minister and Finance Minister Ludmila Petkova before the Economic and Financial Affairs Council (ECOFIN) meeting in Brussels.

Prime Minister Kyriakos Mitsotakis spoke about the issues discussed during the Informal Summit in Budapest.

The Prime Minister focused on the issues of competitiveness and energy, which are of concern to the European Union, and he paid particular attention to electricity prices, while he also spoke about Europe’s need for strategic autonomy.

Europe faces the risk of becoming a “sandwich” between the U.S. and Asia amid an ongoing economic war, while discussions on upgrading and unifying the Union’s defense mechanisms remain at a theoretical level.

Before the start of the European Political Community summit in Budapest, Greek Prime Minister Kyriakos Mitsotakis, Turkish President Recep Tayyip Erdogan, Cypriot President Nikos Christodoulides, and Albani

In a discussion heavily influenced by the American elections, Prime Minister Kyriakos Mitsotakis and President Katerina Sakellaropoulou reflected on the broader implications for Greek-American relations and European geopolitics.

Mitsotakis emphasized that, regardless of the outcome, the strategic nature of Greek-American relations would remain unchanged.

Mario Draghi's findings in his report "The Future of European Competitiveness," and the concerns of academics, professionals and entrepreneurs, lead to the conclusion that Europe is not just at a critical point, it is on a cliff's edge. High ambitions and a lack of strategy threaten the Union's security and prosperity.

The Letta and Draghi reports serve as a "wake-up call" for the EU, Greek Economy and Finance Minister Kostis Hatzidakis said in Luxembourg on Tuesday, where he took part in the Eurogroup and ECOFIN meetings.

"More immigration is necessary. Existing projections already assume substantial immigration, which, however, is insufficient to reverse aggregate aging." This bold statement was made recently by Rolf Strauch, chief economist of the European Stability Mechanism, in his latest report on demographics and financial stability.

Europe's difficulties are multiplying.

Mario Draghi recently released a report on Europe's competitiveness that has sparked debate across the continent. The report, which shows Europe lagging behind the US and China in a number of areas, has many asking if the continent's leaders will heed his call to action.