Part 6/10:
Economic leaders, including Mario Draghi, former President of the European Central Bank, have raised alarms regarding Europe’s declining competitiveness against the US and China. In a stark warning, Draghi suggested that Europe must invest hundreds of billions of Euros annually just to survive and maintain a competitive stance. He pointed out that had Europe's economy grown at the same rate as America's over the past decades, an additional three trillion Euros could have been generated each year.