Editorial: El País

• Mario Draghi warns of the threat to the EU's competitiveness and loss of productivity against major competitors
• He proposes a revolution: a package of investments and a radical change in the functioning of the EU
• The productivity gap between the EU and the US has grown, and the disposable income of American families grows faster
• A new industrial strategy is proposed that mobilizes some 800 billion euros annually in investment
• There is no political consensus to issue common debt, change majority rules in the EU or create European champions at the global level

Conclusion: Draghi emphasizes that Europe is languishing and the risk is a gradual decline. He reiterates the need for a radical transformation, even as he acknowledges the hurdle of achieving political consensus.

---