Lagarde Warns of Decline of European Model, Says Union Is Losing Key Advantages

ANSA

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Europe, whose post-war export-based growth model "is falling" after 1.5% increase in 2025 "has continued to grow in 2026 despite the energy shock" thanks to domestic demand. (ANSA)

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The ECB chief warns that Europe is losing the advantages it has built up over decades, calling for a transformation that removes barriers to investment and innovation.

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The President of the European Central Bank (ECB), Christine Lagarde, launched a warning message this Wednesday about the future of the European economy.

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The European Union is losing the advantages that have fueled its growth for decades, European Central Bank President Christine Lagarde said on Wednesday, calling for a transformation that would remove barriers that prevent European companies from investing, innovating and growing on the continent.