Lagarde Warns of EU's Self-Imposed Trade Barriers
Update: 2025-12-10
Description
Christine Lagarde, ECB President, warns of Europes economic challenges, urging the European Commission to remove internal barriers hindering innovation, productivity, and investment. She highlights the need for deeper structural reforms, emphasizing that monetary policy alone cannot unlock Europes full potential. Lagarde points out self-inflicted tariffs equivalent to high tariffs on services and goods, restricting intra-EU trade. She calls for a true Capital Markets Union and openness to joint European bonds for defense funding, comparing it to the COVID-19 response.
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