26 March 2025 | Euro

Mario Draghi emphasizes importance of careful defense spending increase in Europe

Mario Draghi emphasizes importance of careful defense spending increase in Europe

Former head of the European Central Bank Mario Draghi views the German government's decision to increase defense spending as a ‘game changer.’ However, he warns that there are certain risks associated with the implementation of this plan.

The former Italian prime minister is concerned about how the European Commission handles the policy change. According to him, the process must be carried out with caution. He also reiterated the need to improve Europe's competitiveness in a rapidly changing world.

Last year, Mario Draghi prepared a report for the European Commission containing a detailed plan aimed at stabilization of the bloc's economy. It included recommendations for creating a capital markets union, repatriating Europe's huge savings surplus, and investing in innovation and growth. He also recently stated the need to integrate Europe's armed forces and share spending to compete more effectively with other countries.

Anton Volkov MarketCheese
Period: 23.11.2026 Expectation: 170 pips
Buy Brent crude with $120 in sight
Yesterday at 08:57 AM 22
Gold sell
Period: 06.11.2026 Expectation: 120 pips
Gold sell-off targets $3,890
Yesterday at 08:56 AM 19
Period: 22.11.2026 Expectation: 145 pips
Invest in S&P 500 with 7,845 in mind
22 October 2026 36
Period: 22.11.2026 Expectation: 2400 pips
Sell Bitcoin down to $80,500
22 October 2026 27
Period: 04.11.2026 Expectation: 2700 pips
Go long on NVIDIA stock with $243 in view
21 October 2026 47
Period: 04.11.2026 Expectation: 1300 pips
EURUSD sell-off targets 1.0000
21 October 2026 43
Go to forecasts