Shared EU debt not ‘essential’ for competitiveness boost – Draghi
Former ECB chief also says his proposal for €750bn of extra annual investment is “conservative”
Mario Draghi has said that the issuance of shared European debt is not an “essential ingredient” when it comes to reigniting the EU’s competitiveness.
At an event hosted by Belgian thinktank Bruegel on September 30, the former governor of the European Central Bank (ECB) said: “There are many good reasons for having it [shared EU debt], because the financing costs will be lower.” This is because it is necessary for the creation of a capital market union, which will “make everything infinitely
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