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Culture and the economy

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

Summary written by Dark Majestic in its own words · topics: financial stability, trade, fragmentation and geopolitics

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· Christine Lagarde Wiki · European Central Bank WikiCulture and the economy

ContextOpening speech by Christine Lagarde for the 150th anniversary of the Munich Opera Festival.

Why it mattersLagarde points to cultural barriers behind weak services trade in Europe and presents culture as a source of resilience.

Problems raised
  1. Services trade within Europe faces huge barriers.
  2. Some barriers are cultural.
  3. The world is fragmenting.
Solutions proposed
  1. Remove barriers to services trade in Europe.
  2. Value culture as a source of resilience.
  3. Integrate Europe more deeply.
Read full speech on ecb.europa.eu ↗

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