Europe, facing a shrinking share of the global economy, needs to increase its spending on tech and defense, according to a long-awaited report from Mario Draghi.
A “competitiveness crisis” is raising alarms for officials and business leaders in the European Union, where investment, income and productivity are lagging.
The downfall of Britain’s prime minister served as a warning to all of the political peril that awaits those who fail to address the erosion of living standards, no matter the cause.