The European Union must find ways of financing massive investment quickly to catch up with major shifts in the world order, according to Mario Draghi. “Many profound changes have taken place in the last few years in the global economic order,” he said on Saturday. “These changes have a variety of consequences, one of which is clear is that we’ll have to invest an enormous amount in a relatively short time in Europe.” The former head of the European Central Bank has been tasked with writing a report on how to make the EU more competitive. He spoke in Ghent, Belgium, where he met the bloc’s finance ministers, with ... (full story)