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Former European Central Bank President Mario Draghi said the European Union is moving too slowly in efforts to boost economic competitiveness, with the region “failing to match the speed” of a swiftly changing global order.
A year after presenting a report mapping how the 27-member bloc can leverage its economic strength into greater competitiveness and prosperity, Draghi said Europeans are “disappointed” by the pace of change in a fragmented region. Citizens see that the EU is failing to keep up with global rivals, he said.