The much-anticipated Draghi report of 9 September 2024 calls for Europe to innovate more to bridge the competitiveness gap with the US and China – and be prepared to invest €750–€800bn per year, i.e. 4–5% of GDP. Otherwise, Europe awaits “slow agony”.
The report decries the current national, rather than pan-EU, approach to regulating the telecoms and digital sectors. This has led to a “costly proliferation” of regulatory obligations for EU operators, which is reflected in the number of regulators.
According to research by Cullen International included in the Draghi report, today more than 270 agencies oversee digital networks across EU member states:
See Cullen International’s full report for a comprehensive analysis of Mr Draghi’s far-reaching proposals on telecoms, digital and competition policy.
Clients of our Competition, Digital Economy, Media and Telecoms service can directly access our Flash report here:
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