Former ECB Chief Mario Draghi Discusses the End of the Eurozone

Mario Draghi, the former ECB head, has painted a grim picture of the Eurozone’s future, forecasting an almost certain recession by the end of 2023. Meanwhile, ECB Governor Pierre Wunsch’s admission of looming stagflation points to a deeper economic malaise. The Eurozone appears to be on a dismal trajectory towards not just recession but a potentially prolonged period of economic stagnation and financial distress.