This is TBSI in the world. I'm John Bachelor. To Italy, the Lorenc Fiore of the

Unsother Foundation to comment on news in Europe at a speech during a conference

on European Social Rights in Belgium, the former president of the European Central Bank,

Mario Draki, former Prime Minister of Italy, Mario

Draki, called for Europe to undergo quote, radical change in order to stay competitive

against China and the U.S.

We need a European Union that is fit for today's and tomorrow's world, said Mr. Draghi.

Lorenzo, a very good evening to you.

Mario Draghi's not done. He has more work to do. What is the thinking about what he can do for the European Union? Good evening to you.

Good evening, John and good evening to all the radio listeners from a very sunshine day year in

Genoa with the chilly hair very, very springtime. I like it. Let me tell you

that Super Mario did a very, let's say, effective speech at the European Council this week.

This was the final step of a study that was commissioned by Mrs. von der Leyen to Mario Draghi to let's say indicate

what Europe can do to become more competitive.

And I think he did a very important title to his report,

radical change.

Radical change based mainly on three pillars.

The first one is, let's say to have a Europe that is less

self-referential, try to look outside the European boundaries, because the US and China are growing more than Europe and

Europe have a lot of richness and one of these pillars try to understand how to

let's say orientate a lot of savings, money in the banks of all the European people

channelise into new investment that could be over and above the investment that all the European

...