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.