The decision of the Germany to increase the Defense expenditure It is “a turning point”, but there are risks on the way it will be implemented. This was underlined, according to Bloomberg, the former president of the European Central Bank Mario Draghi In a panel at the Hong Kong Hong Hong Hong Sumit.
What worries the former Italian Prime Minister is the way the European Commission manages the change of politics. “If it is not managed properly, Germany will reappear, but the others do not,” said Draghi.
Draghi: Building a tariff wall is not European interest
«If Trump builds a tariff wall, it is not in our interest to build a tariff wall. We must ask ourselves: react or not? ». According to Bloomberg, the former president of the European Central Bank Mario Draghi in a panel at the HSBC Global Investment Summit in Hong Kong said it. Europe, added the former Italian premier, “is more vulnerable” in the face of potential shock on international trade than the United States and China.