The bloc needs ‘unprecedented’ investment in defense and other sectors, former European Central Bank president Mario Draghi has said The European Union needs a massive increase in investment to meet its goals, particularly improvements in its defense capacity, former European Central Bank president Mario Draghi has said in a report on the bloc’s competitiveness. In the piece, which was released on Monday, Draghi suggested that Europe must invest more than twice as much in its economy as it did after World War II. ”To digitalize and decarbonise the economy and increase our defense capacity, the investment share in
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