Les Echos : “It is urgent to revive European investment, and the tools exist to act without delay”

Published on : 28.10.25

By: Martin Kessler,  Stephen Paduano,

Opinion Piece

By Martin Kessler & Stephen Paduano

Published in Les Echos on 28th October 2025

Just a year ago, Mario Draghi, former president of the European Central Bank and Italian prime minister, warned of the risk of a "slow agony" for Europe in a report submitted to the European Commission. A year later, the inaction of European leaders has proven him right. Every challenge—clean energy, infrastructure, defense, digital transformation—has worsened, Draghi recently told the European Parliament.