The Draghi report commissioned by the Commission states that the EU needs to borrow 800 billion euros to save its competitiveness

Omissions

• The figure refers to annual additional investment needed, not specifically to borrowing. The report mentions €750-800 billion per year as the total investment gap, not a one-time borrowing amount.
• The report was published in September 2024, before the session date.
• The MEP's use of 'borrowing' (s'endetter) reflects a possible financing interpretation rather than the report's exact wording, which focuses on 'additional investment'.

Sources

• PrimaryEuropean Commission - The future of European competitiveness (Draghi Report PDF)To meet the objectives laid out in this report, a minimum annual additional investment of EUR 750 to 800 billion is needed
• PrimaryEuropean Commission - The Draghi report on EU competitivenessMario Draghi's report on the future of European competitiveness lays out recommendations on how Europe can boost its competitiveness
• SecondaryIESE Business School - The Draghi report highlights that productivity must be the goalDraghi estimates €750-€800 billion in additional investment per year (about 4.4% of EU GDP)