Sara Guglielmetti Student protests have erupted across Europe , with tensions especially high in France. The protests are also being felt in Italy. Former Prime Minister Mario Draghi has spoken out on the issue.
Student protests, Mario Draghi's speech: "Young people don't feel listened to."
Mario Draghi, former Prime Minister and former President of the European Central Bank, gave an interview to Bloomberg, in which he also discussed the student protests in Europe: "It's not at all easy to explain these riots in three different countries; each has its own specific motivations.
The only thing all three cases have in common is that extremely important elections will be held next year. However, this is only the framework. In my opinion, the strongest explanation lies in the blocking of expectations: young people feel like no one is listening to them.”
Student protests, Mario Draghi's speech: "Young people perceive social dynamics as blocked."
In the interview with Bloomberg, Mario Draghi As mentioned, he spoke about the protests of the students who, according to him, feel like they are not being listened to: “Young people perceive the social dynamics as if blocked: they struggle to find a job and feel unprepared for a society that is undergoing rapid technological transformation.” During the interview, the former Prime Minister and President of the European Central Bank also addressed the French economic situation and the tensions on the financial markets: “France has a specific fiscal problem: the country has been running a budget deficit for many years and the debt-to-GDP ratio has been steadily increasing for over a decade, perhaps even for fifteen years.
Now, in a global context characterized by rapidly rising interest rates, this budget deficit appears difficult to manage. Finally, he also said: "If you ask me whether the ECB will intervene to reduce spreads on the markets, take a close look at these differentials: they essentially represent a new pricing of fiscal and political risk. In other words, at least for now, I believe the threshold necessary for the ECB to intervene is quite high."