Absorb shock now or face permanent destruction, Draghi warns - FT

FRANKFURT (Reuters) - European governments must quickly absorb the economic shock of the coronavirus crisis, even at the cost of high debt, as the alternative is permanent economic destruction, former European Central Bank President Mario Draghi wrote in a newspaper opinion piece on Wednesday.Considered the saviour of the euro amid Europe's debt crisis, Draghi argued that governments must protect jobs and production capacity, taking over and cancelling private-sector debt to protect jobs and..