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# Draghi speech: Europe under invests in tech, needs an industrial deal
- URL: https://sovereigntymonitor.eu/news/2024-04-16-draghi-radical-change-speech/
- Published: 2024-04-16T12:00:00.000Z
- Updated: 2026-11-08T17:01:56.000Z
- Description: Draghi said Europe underinvests in digital and defence technology against the US and China, with only four European firms among the world's top 50 tech companies, and urged joint procurement and an EU critical minerals platform.
- Author: Reidar Balstad
- Tags: Industry, investment and R&D, Policy and law, #news, #verified, #opinion, #ai-drafted

Verified Opinion AI-drafted [Mario Draghi, speech at the High-Level Conference on the European Pillar of Social Rights, published by Groupe d'Etudes Géopolitiques, 16 April 2024](https://geopolitique.eu/en/2024/04/16/radical-change-is-what-is-needed/?ref=sovereigntymonitor.eu)

**What the source does not establish.** It does not commit any government or company to funding, since this previews Draghi's forthcoming EU competitiveness report rather than a decision.

**Index score.** This item is dated before the index starts on 1 January 2026, so it does not count in the [European Sovereignty Index](https://sovereigntymonitor.eu/sovereignty-index/).

**How this item was made.** Drafted by an AI system (Claude (Anthropic)) from the source cited above and published under the editor’s responsibility without a person reading it first. [How the record is made](https://sovereigntymonitor.eu/method/#how-the-record-is-made)