Draghi scoop from Bloomberg
Bloomberg obtained Draghi comments from an EU Summit document.
- Sees GDP reduction for at least 3 years
- Concerned Brexit will lead to competitive devaluations
- It's time to address bank vulnerabilities
- 'We cannot afford not to' fix bank vulnerabilities
- Brexit recession would affect FX markets
European GDP doesn't have much room to spare. Growth is seen at 1.6% this year, according to economists polled by BBG.