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"Innovation is one of the pillars of my report. Europe is in a stalemate and has a static industrial structure. There are medium-sized companies that have reached maturity and spending on research and investments is at the same level from 20 years ago. The automotive industry is an example. In the United States, for example, the industry is completely digitalized. It is not that there is a lack of intelligence and good ideas, but there are too many barriers that block the innovation and prevent the scale up of Europe. Since 2008, around 30% of unicorns, i.e. those companies worth more than a billion, have left the EU and gone to the USA. We have lost 30% of our innovators must change, Europe must become a place where innovation flourishes, especially in the digital tech sector. Otherwise not only will we miss the opportunity of the artificial intelligence revolution, but even more traditional sectors will see their competitiveness hindered." thus Draghi presenting his report on competitiveness in Europe. Courtesy: Ebs (Alexander Yakhnagiev)

Cassa Depositi e Prestiti will write a check for 6.5 million