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Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

· Christine Lagarde, President of the European Central Bank (Euro area (EU))

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, climate, energy and nature, trade, fragmentation and geopolitics

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· Christine Lagarde Wiki · European Central Bank WikiHearing of the Committee on Economic and Monetary Affairs of the European Parliament

ContextStatement by Christine Lagarde before the European Parliament's Committee on Economic and Monetary Affairs, as part of the regular Monetary Dialogue.

Why it mattersLagarde tells Parliament how the war changed the euro area outlook.

Problems raised
  1. Russia's aggression changed Europe.
  2. Energy costs and inflation hurt incomes.
  3. Terms of trade deteriorated.
Solutions proposed
  1. Impose sanctions and reduce dependence on Russia.
  2. Normalise monetary policy.
  3. Cushion economic impact.
Read full speech on ecb.europa.eu ↗

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