Europe's Economic Reforms Stalled by National Self-Interest, Experts Warn

More than a year after a major report highlighted Europe's economic decline, the continent has made little progress on necessary reforms. The warning came from former European Central Bank chief Mario Draghi. Implementation of the proposed changes has been slow and difficult. Experts suggest this is due to member states prioritizing their own narrow interests over collective action. This lack of coordination threatens Europe's ability to compete with other global economic powers. The situation underscores the ongoing challenge of achieving unified policy across the 27-nation bloc.