Former ECB chief Mario Draghi convenes a task force led by Luis Garicano, with BBVA’s Carlos Torres and Nobel laureate Philippe Aghion, to turn his European reform agenda into concrete policies
Executive summary: Mario Draghi announced the creation of a working group to advance his European reform agenda, with Luis Garicano as director and members including BBVA executive Carlos Torres and Nobel‑winning economist Philippe Aghion. The group signals renewed political and private‑sector backing for EU‑wide reforms that could affect fiscal rules, banking union, and competitiveness policies across the bloc.
Who is involved: Mario Draghi (initiator), Luis Garicano (foundation director), Carlos Torres (BBVA), Philippe Aghion (Nobel laureate economist).
Likely next: The task force is expected to draft reform proposals and present them to EU institutions in the coming months, though no specific dates were given.
The initiative, announced by El País, creates a foundation chaired by Spanish economist Luis Garicano and includes prominent figures from banking and academia. Its stated purpose is to operationalize Draghi’s long‑standing call for deeper EU economic integration and structural reforms. No policy details or timelines were disclosed in the announcement.
Timeline
- — +++ Ukraine-Krieg +++: EU will Druck auf Russland erhöhen (Handelsblatt)
- — Koalition der Willigen: Macron will Kampf gegen Russlands Schattenflotte verstärken (Handelsblatt)
- — Draghi lanza un grupo de trabajo para materializar su agenda de reformas europeas (El País — Economía)
Analysis — what this means
Sectors affected
- banking (BBVA)
- academia (Philippe Aghion)
Historical parallels
- 2015 Five Presidents' Report on completing EMU
Sources
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