Draghi: we face a war against coronavirus and must mobilise accordingly – Higher public debt levels will become an economic feature and be accompanied by private debt cancellation by Mario Draghi published by Financial Times (3/2020).
“The coronavirus pandemic is a human tragedy of potentially biblical proportions. Many today are living in fear of their lives or mourning their loved ones. The actions being taken by governments to prevent our health systems from being overwhelmed are brave and necessary. They must be supported.
But those actions also come with a huge and unavoidable economic cost. While many face a loss of life, a great many more face a loss of livelihood. Day by day, the economic news is worsening. Companies face a loss of income across the whole economy. A great many are already downsizing and laying off workers. A deep recession is inevitable…” Verificar PDF Anexado
