Mario Draghi's new report on EU competitiveness doesn't mince words. "Across different metrics, a wide gap in GDP has opened up between the EU and the US, driven mainly by a more pronounced slowdown in productivity growth in Europe. Europe’s households have paid the price in foregone living standards. On a per capita... See more

The Draghi report contains one of the most spot-on critiques for the current state of EU industrial policy I have read so far. And it comes with some solid ideas on how to move forward. Here are the three main takeaways.