Max Planck Institute for Innovation and Competition’s Post

#MarioDraghi's report highlights the global leadership of #European #shipping and the need to remain internationally competitive. Mario Draghi, former European Central Bank President, was mandated by the European Commission to share his vision on the future of European competitiveness ahead of the #CleanIndustrialDeal. Shipping receives a place of choice. And our #cruise brands are proud to contribute to the EU shipping #ValueChain. Want to know more? 97e481fd-2dc3-412d-be4c-f152a8232961_en (europa.eu)

https://lnkd.in/dD8UW5Nh The most significant challenge to the European block is, how to effectively deploy its capital to trigger growth and attract the right talent to support its economic base... " The former European Central Bank chief, who is delivering his long-awaited report on European competitiveness to the bloc’s executive arm on Monday, told envoys behind closed doors last week that governments are becoming increasingly aware of their failure to respond quickly enough to challenges from China and the US, according to people familiar with the discussion... Draghi’s strategy is aimed at removing the most significant obstacles blocking the three foundations of the EU’s potential — its single market, its talent and its capital... " #bloomberg #bloombergnews #EU #economicgrowth #talentcrunch #globalcompetitiveness #competitiveadvantage

Last week caution prevailed among investors, faced with a scenario marred by political uncertainty in France that is to some extent conditioning the markets in Europe, whereas in the US macro data are still proving rather solid. European spreads were stable, after rising on the political developments in France, and stayed effectively unchanged in the week. Anticipation is growing ahead of the outcome of the French elections, due between the end of June and early July, although the growth-inflation mix remains the main focus of the central banks, whose monetary policy choices are key for the markets. Stefano Cucchi of Eurizon’s Macro Research & Product Specialist team reports. Cucchi’s analysis is also available in our podcast #EurizonWeekly

Central bank speakers did not have much impact yesterday on markets.Next couple of weeks have a lot of Geo-politics lined up.Putin Meeting Xi in China, Russia action on seizure of western assets in response to US Sanctions,speculation that the G7 will liquidate Russia’s reserve holdings to aid Ukraine & the BRICS meeting of FMs & central banks. Lots of central bankers take stage today including ECB Prez Lagarde & BoE Guy Bailey

Europe grapples with economic challenges, triggered by Russia's invasion of Ukraine, resulting in an energy crisis and record inflation. The European Central Bank's imposition of record-high interest rates adds to financial pressures for businesses.  evolvepublication.com #EuropeanEconomy #RussiaUkraineCrisis #EnergyCrisis #InflationSurge #ECBInterestRates #FinancialChallenges #EconomicPressures #EvolvePublication #BusinessInsights #BusinessPublication

As discussed previously, I suspect that last year’s economic performance divergence among the world's three most systemically important regions (China, Europe, and the US) will be accompanied this year by greater policy divergences as countries are forced to tailor their responses more individually. In the specific case of the ECB, President Christine Lagarde captured this well when she said that the central bank is "data-dependent rather than Fed-dependent." #economy #markets #centralbanks

🆕Former European Central Bank chief Mario Draghi’s report on the future of European competitiveness is a stark call for Europe to refocus on innovation, turn decarbonisation into a growth factor and secure its economic interests. 👉 An integrated new industrial strategy must be the top priority of the next EU mandate to reinvigorate Europe’s competitiveness and safeguard its interests in an unstable, fast-changing new global order.  ⬇ Read our priorities on how the EU should embrace the ambition of #DraghiReport: https://bit.ly/3MFAu0C