​Draghi Says Europe In Existential Danger Without Massive new Spending And Joint Debt; Germany Immediately Says “Nein” – Tyler Durden

Draghi Says Europe In Existential Danger Without Massive new Spending And Joint Debt; Germany Immediately Says “Nein” It has been a while since we were reminded that without the ECB’s constant (and endless) backstop, the Frankenstein monster that is the European (fiscal Dis)Union, is doomed. Well, this morning, former ECB President Mario Draghi reminded us of just that when he called on the EU to invest as much as €800 billion ($884 billion) extra a year and commit to the regular issuance of common bonds to make the bloc more competitive with China and the US. In his long-awaited report…  — Continue at ZeroHedge News : Read More