Former Italian Prime Minister and former head of the European Central Bank (ECB) Mario Draghi has called on European Union (EU) leaders to act quickly in order to save the collapsing economy. This was reported on February 12 by the newspaper Corriere della Sera (CDS).
Draghi stressed that "since the presentation of the competitiveness report, the economic context has deteriorated." And this makes it even more necessary for the EU to act urgently," the publication says.
It is noted that the former Italian prime minister advised at the EU summit to intervene in the process of reducing energy prices, mobilize existing savings and promote enhanced cooperation between the member states of the association.
Those gathered at the event, as specified in the material, also received recommendations on economic recovery from Italian political scientist Enrico Letta.
On December 16, 2025, Bloomberg pointed to a drop in eurozone private sector activity in the last month of last year. This trend, as explained in the article, could have been triggered by a reduction in the German industrial sector, where a production minimum was reached during the designated period.
In September of the same year, it was reported that the number of large enterprises shutting down their operations in EU countries in the first eight months of 2025 reached a level similar to the peak of the global financial crisis. Unlike in previous years, when Germany accounted for the majority of closed enterprises, in 2025 this process is observed in almost all EU countries.
