Christine Lagarde has called for a “deep review” of Europe’s economic model to respond to what she described as “the dawn of a new international order”. Speaking on French radio RTL on Wednesday, the president of the European Central Bank said the changing global landscape requires a fundamental reassessment of how the European economy is structured.
Lagarde said that potential U.S. tariffs are likely to have only a limited inflationary impact on the euro area overall, although she noted that Germany would probably be more affected than France.
She also underlined that Europe could substantially improve its economic position by removing non-tariff barriers that still exist within the bloc, arguing that deeper internal integration would strengthen competitiveness and resilience across member states.
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