Europe Needs Less "Hypocrisy" to Be More Effective: Former Italian PM

Watch Europe Needs Less "Hypocrisy" to Be More Effective: Former Italian PM - Bloomberg on Dailymotion

Transcript

00:00If there's one thing that you would, you know, prioritize as former commissioner, as former

00:04Italian prime minister right now for Europe, just one, what would that be?

00:10To have the commission and the president of the European Council to rein in some excessive

00:22nationalism that is there, that is really, well, take the Draghi report, an excellent

00:30report outlining what Europe should do to become more competitive and productive.

00:35Okay.

00:36All governments paid lip service to this.

00:40No government is ready to take it seriously.

00:43And they continue to say, Europe, wake up, meaning Brussels, the commission.

00:50But in fact, most of the obstacles that still exist to a unified single market are in the

00:57hands of the member states.

01:00Look at what is happening concerning the dynamic in the banking system with the Unicredit and

01:06Commerce Bank, but also in Italy.

01:09Well, all those defensive actions that are taken to preserve essentially political power

01:18by some governments are completely against the single market, the Draghi report proposals,

01:28etc.

01:29So we need to reduce the degree of hypocrisy if we want to make Europe more effective.

01:37yummy

01:44you

01:48you

01:55you

01:57you

01:59you