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The David McWilliams Podcast

Can Draghi's €800 Billion Plan Save Europe from Decline?

The David McWilliams Podcast

David McWilliams

News & Politics

4.6643 Ratings

🗓️ 26 September 2024

⏱️ 36 minutes

🧾️ Download transcript

Summary

 In this episode, we continue our European mini-series, moving from Germany to the broader continental landscape. Europe faces mounting economic challenges as Mario Draghi, the former president of the European Central Bank and technocratic Italian prime minister, issues a bold €800 billion investment proposal aimed at closing the gap with the U.S. and China. Is Europe falling behind due to overregulation, fragmentation, and a lack of innovation? We discuss Draghi’s call for massive investment, the continent’s economic stagnation, and why the gap between Europe and America has widened over the past two decades. Is the European dream of a unified, prosperous continent slipping away, or can Draghi’s vision revive the old-world dynamism that once defined it?

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Transcript

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0:00.0

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0:02.4

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1:00.8

To understand the economy, you have to understand human nature.

1:09.3

This podcast is powered by ACAST.

1:15.0

How you doing there?

1:16.4

It is time for the podcast and we are going to continue our little mini-series on Europe.

1:22.8

We started in Germany the other day.

1:25.3

We're now going to talk about the continent of Europe against the background of something

1:29.3

that John was very worried about.

1:31.7

He came in like Chamberlain with his wife's piece of paper,

1:34.4

this piece in our times.

1:35.5

It wasn't.

...

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