From resilience to strength: unleashing Europe’s domestic market
· 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, growth, investment and productivity
CL · Christine Lagarde Wiki · European Central Bank WikiFrom resilience to strength: unleashing Europe’s domestic marketContextSpeech by Christine Lagarde at the 35th Frankfurt European Banking Congress.
Why it mattersThe ECB President argues that Europe's internal barriers cost more than US tariffs, a widely quoted point.
Problems raised- The post-war global order is fracturing.
- US tariffs cut euro area growth.
- Internal EU barriers act like tariffs.
Solutions proposed- Reduce internal barriers to raise intra-EU trade.
- Move from soft coordination to real harmonisation.
- Build strength on the domestic market.
Read full speech on ecb.europa.eu ↗More from Christine Lagarde · European Central Bank · all speeches
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