Dragons, profound changes require enormous investments, says Draghi. "A huge amount of money will have to be invested in Europe in a relatively short time," he says.

Draghi is in Ghent for an informal meeting of finance ministers, to discuss the future of European competitiveness. He is working on a report on European competitiveness on which he is working, says the former Prime Minister. Reproduction of this article is not permitted in Italy without the permission of the publisher, ANSA.