(Finance) –
Europe has a unique economic model, which combines technological progress and social well-being. But today this model, which is also desired by the majority of Europeans, is put to the test: this is the message from the President of the ECB, Lagarde, in her speech at the discussions “Le Essentiels des Bernardins” in Paris. “The rapidity of the technological changes generated by the digital revolution has seen us behind. And we must also catch up as soon as possible with the evolution of the geopolitical environment and make up for our delays in competitiveness and innovation”
From the speech, however, there was no indication on monetary policy, with the spotlight on the last Governing Council of the year, scheduled for 12 December.
In a phase of profound changes and uncertainties, on everyone the inauguration in January of the newly elected president of the United States, Donald Trump, Lagarde therefore returns to insist on the need to push for integration in Europe, also citing studies according to which removing all the trade barriers that persist within the EU itself would allow strengthen its economic potential by approximately 10%.
If Europe fails to intervene effectively on the challenges of competitiveness, digital and innovation “we could compromise our ability to generate the resources necessary to continue our economic and social model – he said – although this is (the model) desired by the majority of Europeans”.