Draghi: “A trade war with the United States would be destructive” – ​​Other news

BRUSSELS – No one wants a trade war with the US: with protection towards the US “we would harm ourselves”. The former president of the European Central Bank said that Mario Draghi at an event organized by the Bruegel Institute in Brussels.

“I am very optimistic that we will not have to change the funding like that” the EU. “If we agree on the guidelines, if we understand that we are in the middle of this great technological movement” it is obvious “we need to invest a lot” and reform the single market. “When we get there”capital will come” said Draghi.

“We should strive to increase productivity” and maintain “our values ​​of prosperity, fairness, security, independence”, continued the former prime minister at the event dedicated to “the future of European competitiveness”. scale in many of the sectors we study has become essential and can only be achieved if we integrate the single market”, explained Draghi, pointing out the importance of being . “Financial integration”.

The third message, Draghi explained, is linked to how “Integration of new technologies”. “Our business continues to grow at an unbalanced rate and foreign competition is driven, certainly by innovation, but also by big business policies,” he explained. That’s why we must “pre -to have business innovation at EU level”. “I want Europe to remain open, I want fairness: we must be ambitious” for “commitment to innovation”.