Fiscal policy and growth in Europe
· 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, public finances and debt, growth, investment and productivity
CL · Christine Lagarde Wiki · European Central Bank WikiFiscal policy and growth in EuropeContextKeynote speech by Christine Lagarde at the European Meeting of the Trilateral Commission in Vienna, Austria.
Why it mattersThe ECB President on public finances, investment needs and why independence protects against inflation.
Problems raised- Central banks controlled by the state tend to create inflation.
- Europe has large investment needs.
- Public finances remain weaker than before the pandemic.
Solutions proposed- Keep the central bank independent.
- Combine targeted public investment with private finance.
- Consolidate public finances.
Read full speech on ecb.europa.eu ↗More from Christine Lagarde · European Central Bank · all speeches
More speeches by Christine Lagarde
Other leaders on inflation and price stability
