Europe Faces 'Slow Agony' if it doesn't invest €800 Billion per year

[Starmix]

According to the report, a new report on Europe's economy paints a grim picture. Former Italian Prime Minister & Former European Central Bank Chief Mario Draghi says that Europe will need to find a way to invest between €750 to €800 Billion every year if it is to reverse its decline in productivity.

The report said: Can Europe work together and come up with the money? Will money solve Europe's underlying issues? Or is the EU well past its prime?

Many said that growth wasn't slowing. The last 50 years they sold themselves short and didn't innovate. Now someone can actually produce faster and cheaper and they are then accused of oversupplying. This is exactly what the public wants (more options and cheaper prices.

The residents in Europe added that the Euro served Germany first and foremost, Hungary is a small country that wants FDI like Chinese BYD. The report did not mention sanctions, overregulation, low-skill migration, and subservience to US Foreign policy and wars that are now costing them both with (low-skill) migrations/refugees and high energy costs (due to pressure to sanction Russia)..with crazy woke greens, etc. focusing on imported US culture. They said they are in hell.

Watch the full coverage of the report via the YouTube link.

 

[Augusta]

They need to pull their resources together and provide resources that they can enjoy now and in the near future

 

[Starmix]

They need to pull their resources together and provide resources that they can enjoy now and in the near future

There are many countries that suffer economically this time. Valenzuela also suffers bankruptcy. The reason for this is the extended rate of inflation.