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Mario Draghi in Parliament: the ReArm Europe plan and competitiveness

Mario Draghi discusses ReArm Europe plan in Parliament

The former PM stresses the importance of responsible social spending in the ReArm Europe plan.

Mario Draghi's Return to Parliament

Former Prime Minister Mario Draghi returned to Parliament, this time not as a government leader, but as an advisor to the European Commission. His presence aroused great interest, given his crucial role in managing the economic and political crises of recent years.

Draghi presented an updated report on competitiveness, addressing issues of strategic relevance for the European Union and Italy.

The ReArm Europe Plan: An 800 Billion Expenditure

One of the highlights of his speech was the ReArm Europe plan, an €800 billion initiative aimed at strengthening European defense. Draghi urged the 27 member states of the Union not to cut social spending, stressing that it is essential to act as a single entity to address global challenges. “Today we spend too much and badly,” he said, highlighting the need for more careful management of resources.

Common defense as a priority

Draghi highlighted the importance of a common defense, calling it a must for Europe. He drew attention to the huge purchases for the American military industry, suggesting that Europe must develop its own defense capabilities to ensure the safety of its citizens. His analysis raised questions about how the European Union can balance security and social needs, in an increasingly complex economic context.