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Draghi’s new Rhine Group wants to fix Europe. But how?

Euronews World · 2026-08-27

AI SUMMARY

• What happened: The Rhine Group, led by former ECB President Mario Draghi, has been launched to address Europe's economic challenges and implement the recommendations of the Draghi Report more swiftly. • Why it matters: The initiative aims to transform Europe into an "innovation superpower" and counteract the continent's slow economic decline, reflecting growing urgency for reform within the European Commission. • What to watch next: Observers will be keen to see how the Rhine Group influences European economic policy and whether it can effectively mobilize support for the proposed reforms in the Draghi Report.

Belgium Video. Draghi’s new Rhine Group wants to fix Europe. But how? Copy/paste the link below: Copy/paste the article video embed link below: Updated: 27/08/2026 - 18:15 GMT+2 Euronews speaks to Rhine Group's Executive Director Luis Garicano about the group’s mission, members and why now, as calls grow for the European Commission to implement the Draghi Report faster. The launch of the platform also marks the return of the former ECB central banker to the forefront of Europe’s economic debate. Garicano tells Euronews the goal remains the same: to stop a trajectory of slow decline. “We want Europe to be an innovation superpower.” ADVERTISEMENT ADVERTISEMENT Mario Draghi European economy Ursula von der Leyen Top stories Now playing Next Draghi’s new Rhine Group wants to fix Europe. But how? Now playing Next Around 1,300 people missing in Nepal and Tibet after deadly floods Now playing Next Russia’s overnight drone barrage ignites fires across Ukrainian cities Now playing Next Latest news bulletin | August 27th, 2026 – Evening Now playing Next Gamescom 2026 opens in Cologne with record exhibitors and visitors Now playing Next Nepal flash flood: dramatic footage shows Rasuwa valley engulfed Now playing Next Latest news bulletin | August 27th, 2026 – Midday Now playing Next Carney to address European Parliament as Canada pivots away from Trump Now playing Next Hundreds missing as flash floods tear through Nepal Now playing Next No military vessels will be allowed in the Strait of Hormuz, Iran says Now playing Next Fossils and a shipwreck unveiled along Danube following drought Now playing Next La Tomatina 2026: thousands turn Spanish town red in annual tomato fight Now playing Next The Middle Corridor's growing role in global trade Now playing Next Rival leaders of divided Cyprus agree to meet weekly after UN chief's visit Now playing Next Is Spain facing another major earthquake? A geologist tells Euronews about the risks Now playing Next Gdansk Shipyard: Art atelier fights to save site's historical legacy amid redevelopment threat ADVERTISEMENT ADVERTISEMENT Iran Iran to allow no military ships in Hormuz under potential deal with Oman Iran US 'will achieve nothing' with its economic chokehold, Tehran says Nepal At least 160 dead and hundreds missing after floods strike Nepal-China border Pakistan Fire kills 14 newborns at major hospital in Pakistan, officials say Art Polka dots, infinity rooms and phallic sculptures: Yayoi Kusama’s art in pictures Culture news Japanese avant-garde artist Yayoi Kusama, famed for her polka dots, dies aged 97 No Comment La Tomatina 2026: thousands turn Spanish town red in annual tomato fight Europe News Mark Carney to address European Parliament as Canada turns to Brussels amid Trump’s tariff hammer Culture news Tim Curry, legendary star of ‘The Rocky Horror Picture Show’ and 'It', dies aged 80 Grand Voyager Grand Voyager | Exploring Bodrum and the Aegean Coast Tech News Meta agrees to pay $17bn in landmark US child-safety settlement deal No Comment Hundreds missing as flash floods tear through Nepal ADVERTISEMENT Europe News Drought exposes fossils and wartime shipwrecks along Danube River Europe News Belgian fries under threat as potatoes shrink in heat No Comment Flowers and memories: Fans pay tribute to Dolly Parton Europe News EU countries face nearly €41bn in extra fossil fuel costs as Hormuz crisis exposes energy vulnerability Health news This tiny robot could help deliver drugs, dissolve blood clots and detect cancer No Comment Rare Mondrian unseen for 25 years heads to auction Culture news Remains of 16th-century hospital that treated sailors discovered in Peru No Comment More than 1,000 volunteers pull historic castle back to its original site in Japan ADVERTISEMENT ADVERTISEMENT

Source: Euronews World
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