Europe 'failing to match speed' of economic rivals says Draghi

Quelle: AFP (Glomex)

The European Union is "failing to match the speed of change" in the United States and China and must act urgently on economic reforms to avoid falling further behind, says Mario Draghi, former head of the European Central Bank. "Too often, excuses are made for this slowness," he tells a conference in Brussels. SOUNDBITE