The European Union is forced to quickly find funds for large-scale investments in order to establish its place in the context of sharp change in the world order. This was stated by Mario Draghi, former president of the European Central Bank (ECB). Bloomberg.
He considered the changes in the world economic order over the last few years to be “fundamental”. Draghi predicted the changes could lead to “a wide range of consequences.”
“And it is clear to us: we need to invest huge sums in Europe in a relatively short period of time,” the bank’s former chairman said.
Draghi said that Europeans should develop their economic space in an environment where hostility is increasing. He stated that he wanted to discuss with ministers ways to find funds for necessary investments, including more active use of private savings.
Earlier Draghi warned about Ukraine’s defeat in the conflict Will be It is fatal for the European Union and its values.
Former Bundestag member Schick stated Concerning the need to regulate the activities of banks in the EU.