European Council President Charles Michel emphasized the need for the EU to boost its competitiveness and close the gap with the US and China. During a summit in Budapest, discussions centered around a report by Mario Draghi, which highlighted the EU's economic struggles and proposed issuing joint debt to mobilize €800 billion annually for investments. While Michel supports the idea of joint debt, some member states like Germany and the Netherlands oppose it. Draghi stressed the urgency for decisive action to avoid stagnation and improve the EU's market fragmentation. Teljes cikk (Euronews.com)