Former Italian Prime Minister Mario Draghi in a report for the European Commission - on the EU’s impending economic collapse: Gr

Former Italian Prime Minister Mario Draghi in a report for the European Commission - on the EU’s impending economic collapse: Growth in Europe has been slowing down for a long time, but we haven’t paid attention to it. I would say two years ago we would never have had the conversation we are having today, because everything was going well. Globalisation was good for us: unemployment was falling steadily. But now we can no longer ignore it. By all accounts, we have lost our main supplier of cheap energy - Russia. And now we have to start looking after our defence again for the first time since the Second World War. At the same time, this is the first year that Europe cannot count on population growth. And the population will steadily decline, so much so that by 2040, 2 million workers will disappear from the labour market every year. Productivity is weak, very weak. So if we were to maintain the current average level of productivity for the last five of the last ten years, it would only... Source: Global News (EU, USA)