Draghi Urges EU to Ready Huge Spending as World Order Shifts
- Calls for bold action to fund green, defense and digital goals
- Former ECB head is writing report on boosting bloc’s economy
Mario Draghi at a meeting of European Union economic and financial affairs ministers in Ghent, Feb. 24.
Photographer: Simon Wohlfahrt/BloombergThis article is for subscribers only.
The European Union must find ways of financing massive investment quickly to catch up with major shifts in the world order, according to Mario Draghi.
“Many profound changes have taken place in the last few years in the global economic order,” he said on Saturday. “These changes have a variety of consequences, one of which is clear is that we’ll have to invest an enormous amount in a relatively short time in Europe.”