Investing.com -- Former Italian Premier and ex-European Central Bank Chief, Mario Draghi, has called for the integration of Europe's armed forces and the development of a regional command structure.
Speaking to lawmakers in Rome, Draghi pointed to the changing foreign policy agenda of the US, particularly towards Russia, as a reason for Europe to bolster its defenses.
Draghi expressed concern over the security of Europe, stating that the shift in US foreign policy now presents a concrete threat to the European Union, as demonstrated by the invasion of Ukraine.
This, he said, has left the continent more isolated and in need of more robust defense policies.
He also highlighted the potential benefits of common procurement for the continent's defenses. According to Draghi, this is a necessary step given that Europe can no longer rely on the US for support in this area.
The former central banker's remarks underscore the growing need for Europe to become more self-reliant in terms of defense and security.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.