Search ForexCrunch

While delivering a key note address at the European Banking Congress, in Frankfurt, on Friday, the new European Central Bank (ECB) President Lagarde said

we face a global environment that is marked by uncertainty

two main challenges in the global economy today, the first relates to the changing nature of world trade

there are also changes of a more structural nature

we have a common interest in maintaining sufficient levels of public investment

europe needs to innovate and invest to respond to these challenges

More to come “¦

About ECB’s Lagarde

The European Central Bank’s President Christine Lagarde, born in 1956 in France, has formerly served as Managing Director of the International Monetary Fund, and minister of finance in France. She began her eight-year term at the helm of the  ECB  in November 2019. As part of her job in the Governing Council, Lagarde holds press conferences in detailing how the ECB observes the current and future state of the European economy.