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Draghi Report
The Draghi report is a 2024 report addressing European competitiveness and the future of the European Union. Authored by former ECB president and former Prime Minister of Italy Mario Draghi, it was one of two widely anticipated reports on EU reforms in 2024, together with the report on the EU internal market by Enrico Letta. Parts of the Draghi report's proposals have already been adopted by European Commission president Ursula von der Leyen for the work programme of her 2024–2029 Commission term. Content Competitiveness Draghi's report urges the EU to foster more investment to increase European productivity. The report proposes new prudential rules for banking and institutional investors to facilitate risky investments. Draghi warned that if the EU failed to catch up with its rivals, it would face "slow agony". He wrote that the EU "needs far more coordinated industrial policy, more rapid decisions and massive investment if it wants to keep pace economically with rival ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mario Draghi
Mario Draghi (; born 3 September 1947) is an Italian politician, economist, academic, banker, statesman, and civil servant, who served as the prime minister of Italy from 13 February 2021 to 22 October 2022. Prior to his appointment as prime minister, he served as the president of the European Central Bank (ECB) between 2011 and 2019. Draghi was also the chair of the Financial Stability Board between 2009 and 2011, and governor of the Bank of Italy between 2006 and 2011. After a lengthy career as an academic economist in Italy, Draghi worked for the World Bank in Washington, D.C., throughout the 1980s, and in 1991 returned to Rome to become director general of the Italian Treasury. He left that role after a decade to join Goldman Sachs, where he remained until his appointment as governor of the Bank of Italy in 2006. His tenure as Governor coincided with the 2008 Great Recession, and in the midst of this he was selected to become the first chair of the Financial Stability Boa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economist
''The Economist'' is a British newspaper published weekly in printed magazine format and daily on Electronic publishing, digital platforms. It publishes stories on topics that include economics, business, geopolitics, technology and culture. Mostly written and edited in London, it has other editorial offices in the United States and in major cities in continental Europe, Asia, and the Middle East. The newspaper has a prominent focus on data journalism and interpretive analysis over News media, original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson (businessman), James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into political economy and eventually began running articles on current events, finance, commerce, and British politics. Throughout the mid-to-late 20th century, it greatl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2024 In The European Union
Events from 2024 in the European Union. Incumbents * President of the European Council ** Charles Michel (to 30 November 2024) ** António Costa (from 1 December 2024) * Commission President ** Ursula von der Leyen * Council Presidency ** Belgium (Jan – Jun) ** Hungary (July – Dec) * Parliament President ** Roberta Metsola * High Representative ** Josep Borrell (to 30 November 2024) ** Kaja Kallas (from 1 December 2024) Events January * 1 January – Belgium takes over the Presidency of the Council of the European Union. February * 1 February – The European Union formally approves a €50 billion financial support package for Ukraine after Hungary withdraws its veto. The package is expected to help the Ukrainian government pay pensions, salaries and other costs over the next four years with the first funds being released in March. May * 15 May – Attempted assassination of Robert Fico: Prime Minister Robert Fico is critically injured in a s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Letta Report
Letta is an Italian surname and an African given name. It may refer to: *Gianni Letta (born 1935), an Italian politician and member of Forza Italia *Enrico Letta (born 1966), Prime Minister of Italy *Lencho Letta, Ethiopian politician, activist and founding member of Oromo Liberation Front * Letta Mbulu, a South African jazz singer See also *Lettiani Lettiani referred to the followers of Enrico Letta, former Prime Minister of Italy and a leading member of the Democratic Party, a political party in Italy. The followers of Letta are generally centrists proposing an alliance with the Union of ..., the Democratic Party faction around Enrico Letta * Henrietta (Letta) Crapo Smith (1862-1921), American painter, granddaughter of the former Michigan Governor, Henry H. Crapo {{surname ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lucrezia Reichlin
Lucrezia Reichlin (born 14 August 1954) is an Italian economist who has been a professor at London Business School since 2008. As of early 2025, she was also a non-resident fellow at Bruegel. Reichlin's research focuses on forecasting, business cycle analysis and monetary policy. She pioneered now-casting in economics by developing econometrics methods capable of reading the real time data flow through the lenses of a formal econometric model. These methods are now widely used by central banks and private investors around the world. Early life and education Reichlin was born in 1954, she is the daughter of Alfredo Reichlin, former ''deputato'' (member of parliament) for the Italian Communist Party and its heir the Democratic Party of the Left, and of Luciana Castellina, co-founder of the newspaper ''Il manifesto'' and also a one-time member of parliament; her brother Pietro Reichlin is a well-known economist. After completing high school at the Liceo Tasso in Rome, Reichlin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Le Monde
(; ) is a mass media in France, French daily afternoon list of newspapers in France, newspaper. It is the main publication of Le Monde Group and reported an average print circulation, circulation of 480,000 copies per issue in 2022, including 40,000 sold abroad. It has been available online since 1995, and it is often the only French newspaper easily obtainable in non-French-speaking countries. It should not be confused with the monthly publication ', of which has 51% ownership but is editorially independent. is considered one of the French newspapers of record, along with ''Libération'' and . A Reuters Institute for the Study of Journalism, Reuters Institute poll in 2021 found that is the most trusted French newspaper. The paper's journalistic side has a collegial form of organization, in which most journalists are tenured, unionized, and financial stakeholders in the business. While shareholders appoint the company's CEO, the editor is elected by ''Le Monde''s journali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiscal Austerity
In economic policy, austerity is a set of political-economic policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both. There are three primary types of austerity measures: higher taxes to fund spending, raising taxes while cutting spending, and lower taxes and lower government spending. Austerity measures are often used by governments that find it difficult to borrow or meet their existing obligations to pay back loans. The measures are meant to reduce the budget deficit by bringing government revenues closer to expenditures. Proponents of these measures state that this reduces the amount of borrowing required and may also demonstrate a government's fiscal discipline to creditors and credit rating agencies and make borrowing easier and cheaper as a result. In most macroeconomic models, austerity policies which reduce government spending lead to increased unemployment in the short term. These reductions in employ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Piketty
Thomas Piketty (; born 7 May 1971) is a French economist who is a professor of economics at the School for Advanced Studies in the Social Sciences, associate chair at the Paris School of Economics (PSE) and Centennial Professor of Economics in the International Inequalities Institute at the London School of Economics (LSE). Piketty's work focuses on public economics, in particular income and wealth inequality. He is the author of the best-selling book '' Capital in the Twenty-First Century'' (2013), which emphasises the themes of his work on wealth concentrations and distribution over the past 250 years. The book argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth, and that this will cause wealth inequality to increase in the future. Piketty proposes improving the education systems and considers diffusion of knowledge, diffusion of skills, diffusion of idea of productivity as the main mechanism that will l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chatham House
The Royal Institute of International Affairs, also known as Chatham House, is a British think tank based in London, England. Its stated mission is "to help governments and societies build a sustainably secure, prosperous, and just world". It is the originator of the Chatham House Rule. The Royal Institute of International Affairs has its headquarters in central London at 10 St James's Square, which is known as Chatham House. It is a Grade I listed 18th-century building that was designed in part by Henry Flitcroft and was occupied by three British prime ministers, including William Pitt, 1st Earl of Chatham, whose name became associated with the house. Canadian philanthropists Lieutenant-Colonel Reuben Wells Leonard and Kate Rowlands Leonard purchased the property in 1923 and then donated the building to the fledgling institute as its headquarters. As a result, the Chatham House name is used as a metonym for the institute as a whole. Chatham House accepts individual members, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marshall Plan
The Marshall Plan (officially the European Recovery Program, ERP) was an American initiative enacted in 1948 to provide foreign aid to Western Europe. The United States transferred $13.3 billion (equivalent to $ in ) in economic recovery programs to Western European economies after the end of World War II in Europe. Replacing an earlier proposal for a Morgenthau Plan, it operated for four years beginning on April 3, 1948, though in 1951, the Marshall Plan was largely replaced by the Mutual Security Act. The goals of the United States were to rebuild war-torn regions, remove trade barriers, modernize Manufacturing, industry, improve European prosperity and prevent the spread of communism. The Marshall Plan proposed the reduction of interstate barriers and the economic integration of the Europe, European Continent while also encouraging an increase in productivity as well as the adoption of modern business procedures. The Marshall Plan aid was divided among the participant sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2025 Iberian Peninsula Blackout
On Monday, 28April 2025, at 12:33 CEST (11:33WEST; 10:33UTC), a major power blackout occurred across the Iberian Peninsula affecting mainland Portugal and peninsular Spain, where electric power was interrupted for about ten hours in most of the Peninsula and longer in some areas. The power cut caused severe difficulties in telecommunications, transportation systems, and essential sectors such as emergency services. At least seven people in Spain and one in Portugal may have died due to outage-related circumstances like candle fires or generator exhaust fumes. The total disconnected load can be estimated at 30 GW. Minor power cuts lasting seconds or minutes occurred in adjacent regions of Andorra and parts of southwestern France. Reports indicated problems with the European synchronous electricity grid. Traffic lights in many places stopped working, and metro lines had to be evacuated. Grid conditions in Spain According to the website of the Spanish electrical operator Red ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Central Bank
The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International use, most important central banks with a balance sheet total of around 7 trillion. The Governing Council of the European Central Bank, ECB Governing Council makes monetary policy for the Eurozone and the European Union, administers the foreign exchange reserves of EU member states, engages in foreign exchange operations, and defines the intermediate monetary objectives and key interest rate of the EU. The Executive Board of the European Central Bank, ECB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The ECB has the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the volume must be approved by the EC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
