Europe delays its future: only 16% of the Draghi report's reforms have been implemented

the European Union shows a worrying lethargy in its economic modernization agenda. Two years after the presentation of the Draghi report, a key document designed to revive the bloc's competitiveness, Europe has implemented only 16% of the proposed reforms.

The report, prepared by former European Central Bank President Mario Draghi, warned of the urgent need for structural transformations to keep the European economy from falling behind powers such as the United States and China. These reforms range from the integration of capital markets to joint investment in technology and decarbonization, essential mechanisms for local companies to gain scale and compete globally.

According to an analysis by the Bank of Spain cited by El País, the paralysis is evident: just under a third of the measures have been partially implemented, while more than half of the regulatory and investment proposals remain stalled. This institutional slowness reflects the deep difficulties of coordination among member states.

For the average citizen, this inaction translates into stagnant productivity that holds back the creation of quality jobs and limits real wage growth. Without a unified industrial strategy, European countries risk losing ground in cutting-edge sectors, which over the long term raises the cost of living and weakens states' capacity to sustain their welfare systems.

In the coming months, attention will focus on the ability of community institutions to overcome the veto of the most reluctant countries on common financing. The progress of these measures will determine whether the European Union manages to consolidate a strong economic bloc or resigns itself to a slow loss of relevance on the international stage.