Ukraine, Draghi: Crucial EU unit, Russia must be defeated or Europe will be destroyed
Europe and the US must “guarantee Russia’s defeat”, “there is no alternative”, because a Russian victory “would destroy the European Union”. This was warned by former Prime Minister Mario Draghi, speaking at MIT in Boston where he received Prime Minister Miriam Pozen. “The war in Ukraine has demonstrated, as never before, the EU’s unity in defending its fundamental values, which goes beyond the national priorities of individual countries. This entity will be crucial in the years to come,” noted the former EU ECB number one in his speech. According to Draghi, the EU needs to be “redesigned” to include countries like Ukraine, the Balkans and Eastern Europe. Efforts are also needed to move towards a common European defense system. The effects of the conflict will be felt for a long time: “We must prepare ourselves for an extended period in which the world economy will behave very differently compared to the recent past”, which means that there will be “ever higher deficits”, because You cannot finance the challenges that states are facing, such as the climate emergency, with tax increases alone.