DUBLIN (Reuters) -The European Union needs to revamp how it spends money to revive growth, curbing state aid and redirecting funds towards “public goods” that will be critical for future growth, Dutch central bank chief Olaf Sleijpen said on Tuesday.

European growth has been stuck at anaemic levels for years and policymakers have been debating possible reforms to revive a bloc that is quickly falling behind global peers and already badly trails on investment into artificial intelligence, a dominant theme for the years ahead.

“The EU budget is still focused on the economy of the past, and not so much on providing the public goods that are necessary for the economy of the future,” Sleijpen, one of the newest members of the ECB’s rate-setting Governing Council, said in Dublin.

“Agricultura

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