The ex-head of the European Central Bank says a revamp is even more critical now that Donald Trump has been elected US president The European Union urgently needs a major economic revamp to restore the bloc’s competitiveness, former European Central Bank President Mario Draghi has warned. The official, who previously also served as Italy’s prime minister, originally presented a gloomy report on the state of the EU’s economy back in September. Speaking to Politico on Friday, Draghi argued that while “some of [his report’s] suggestions... were urgent even before because the European economy was stagnating, they are
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