Draghi demands €800B cash boost to stem Europe’s rapid decline

Europe must invest twice as much as it did rebuilding after World War II, allow more tech and telecoms companies to merge and take drastic measures on defense spending, Mario Draghi said.

In a landmark report on how to stem the Continent's economic decline, the former European Central Bank (ECB) president said Europe needed to invest an additional €800 billion a year to drag itself out of a trough of low productivity and feeble growth that's pushing it behind the United States and China in the international pecking order. He called...