European Central Bank (ECB) President Christine Lagarde has issued a stark warning over the European Union’s competitiveness, calling on the European Commission to urgently dismantle internal barriers that are stifling innovation, productivity, and investment across the bloc.
In a keynote interview with Financial Times chief economics commentator Martin Wolf on Wednesday, Lagarde said the eurozone economy had shown resilience in the face of geopolitical and economic shocks. Yet, she stressed that deeper structural reform was necessary to unlock its full potential, adding that monetary policy alone cannot achieve this goal.
