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Draghi is always SuperMario: to govern the changes you need a strategy with lots of investments and Eurobonds

Over the past few days, Mario Draghi gave a fascinating speech in Washington on the future, indicating a path that would allow Europe to understand new developments and govern them. The hope is to see him at the head of the EU after the spring elections

Draghi is always SuperMario: to govern the changes you need a strategy with lots of investments and Eurobonds

The world is changing, globalization has had its merits but also its limits, the next economic shocks will no longer come only from political conflicts or natural disasters but from supply-side shocks which will require enormous sums to manage the changes and transitions. We need clarity of analysis and a new strategy that goes beyond the dimension of a single country. In other words: more investments even at the cost of higher public deficits to stimulate the growth and fight inequalities without forgetting the importance of raising the productivity and to assign a new role of budgetary policy that reaches where monetary policy alone cannot reach. But to finance the colossal investments that await us we need to "issue common debt". Who better than Mario Draghi could say these things and outline a development trajectory for a Europe that does not want to surrender to decline. And how much Super Mario he did this week with a wonderful speech withdrawing to Washington the Paul A. Volcker Lifetime Achievement Award which was awarded to him by the prestigious association of economists Nabe. No one like him is able to read the changes and design the future in a fascinating but at the same time realistic scenario. Who knows if whoever caused his to fall in 2022 Government he realizes it but certainly every time Draghi speaks the hope grows of seeing him, after the spring elections, at the head of theEurope. There is no better President of the European Council out there than him and it would be a crime to keep him on the bench. Great, Mario.

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