ContextSpeech by Christine Lagarde accepting the Paul A. Volcker Lifetime Achievement Award at the annual NABE Economic Policy Conference in Washington, D.C.
Why it mattersAccepting the Volcker award in Washington, the ECB President sets out how security investment could become Europe's growth model.
Problems raised
Europe has size but not scale.
Security and resilience require large investment.
Structural weaknesses persist outside crises.
Solutions proposed
Let investment in security and resilience drive growth.
Rebalance relations with trading partners.
Tackle structural weaknesses without waiting for a crisis.
