What’s Wrong With Slow Agony By Michael Every of Rabobank Yesterday saw ex-“whatever-it-takes” ECB president/Italian PM Mario Draghi deliver a shocking report on the EU’s future. As Draghi told a journalist in the Q&A held in a very large room with a very small audience unbefitting the topic at hand, Europe must change radically to thrive, and while it’s not do or die, it’s “Do this, or it’s a slow agony.” The only way to avoid economic and geopolitical death by a thousand cuts includes investing an extra 5% of GDP (€800bn) annually. This figure shocked many into silence given… — Continue at ZeroHedge News : Read More
