Europe must “be prepared” for potential trade tariffs from U.S. President Donald Trump, the president of the European Central Bank Christine Lagarde told CNBC at the World Economic Forum in Davos on Wednesday.
Christine Lagarde said Europe needed to get better at keeping its talent and savings at home, adding that the new US administration’s decision to freeze some funding for former president Joe Biden’s Inflation Reduction Act might remove one of the incentives to invest in the US.
World leaders and business titans at the World Economic Forum called out widespread pessimism, siloed markets, regulation, and cultural weakness in Europe.
World leaders and business executives left the Swiss mountain resort of Davos after a week of discussions dominated from a distance by Donald Trump's return as U.S. President.
The European Central Bank is "not overly concerned" by the impact of inflation abroad on the bloc, the institution's President Christine Lagarde told CNBC.
The re-election of Donald Trump should serve as a “wake-up call” for EU leaders, Lagarde and Germany's Habeck warned.
European Central Bank President Christine Lagarde warned that Europe needed to keep its “huge amount” of talent at home and raised the alarm for its leaders to act.
The World Economic Forum’s annual gathering of elites in Davos has ended with many business leaders, world-class academics, top government officials and other elites casting an upbeat tone about economic prospects,
Speaking at the World Economic Forum in Davos, the ECB president said Europe "must act on the offensive and not just on the defensive, this is a wake-up call. "Strong confidence that inflation will fa
Speaking to leaders at the World Economic Forum in Davos, Lagarde had to go onto the defensive in the face of criticism from a leading US financier.
U.S. President Donald Trump's aim to bring home manufacturing by increasing trade barriers is a questionable approach given that the economy is already running near capacity, European Central Bank President Christine Lagarde said on Wednesday.
Christine Lagarde said Europe needed to get better at keeping its talent and savings at home, adding that the new US administration’s decision to freeze some funding for former president Joe ...