Draghi's warning: 'The EU should coordinate defense spending' - News.com.au. 'Europe still belongs to Ukraine, don't leave it alone after the war' Former Italian Prime Minister: 'Even the toughest isolationists in Europe must realize that each European country is too small on its own' 'Fiscal policy will be called upon to play a more significant role, which means persistently higher public deficits', underlined the former ECB president.

'Super Mario' outlined a picture of great change in macroeconomic and fiscal policies.