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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: inflation and price stability, banking regulation and supervision, payments, digital money and crypto-assets, climate, energy and nature

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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 reviews the parliamentary term marked by pandemic, war and inflation.

Problems raised
  1. The term was shaped by pandemic, war and energy crises.
  2. Climate and geopolitics add challenges.
  3. High inflation risked becoming entrenched.
Solutions proposed
  1. Thank Parliament for Next Generation EU and reforms.
  2. Deepen capital markets and banking unions.
  3. Prepare the digital euro.
Read full speech on ecb.europa.eu ↗

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