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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: trade, fragmentation and geopolitics, growth, investment and productivity

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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 warns Parliament that trade barriers threaten euro area manufacturing.

Problems raised
  1. Geopolitics shifts rapidly.
  2. Openness exposes the euro area to foreign shocks.
  3. Trade barriers threaten manufacturing.
Solutions proposed
  1. Spur investment, innovation and productivity.
  2. Pair investments with ambitious reforms.
  3. Coordinate policy action in Europe.
Read full speech on ecb.europa.eu ↗

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