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PM Orbán: Draghi report on competitiveness was a 'rude awakening' for EU leaders

The prime minister said the report on the European economy, prepared by Mario Draghi, the well-respected former head of the European Central Bank, at Brussels' request, showed that Europe was on a "suicide" path.

Prime Minister Viktor Orbán said the Draghi report on competitiveness presented at a European Union summit in Budapest a week ago was a "rude awakening" for EU leaders and an incitement to take policy action.

During an interview with public radio on Friday, PM Orbán said the report on the European economy, prepared by Mario Draghi, the well-respected former head of the European Central Bank, at Brussels' request, showed that Europe was on a "suicide" path.

EU leaders' acknowledgement of the seriousness of the matter and the need to take steps produced the Budapest Declaration on the New European Competitiveness Deal which was "effortlessly approved by all member states" at the summit, he added.