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Lagarde called on Europe to “lean muscle” and advocated joint purchases of energy and raw materials.

The President of the European Central Bank (ECB), Christine Lagarde, believes that the EU should adopt a strong position as…

By admin , in news , at May 25, 2022

The President of the European Central Bank (ECB), Christine Lagarde, believes that the EU should adopt a strong position as the main trading bloc in the world and a “flex muscle” in defense of its interests, in which Includes the possibility of jointly addressing the purchase of energy and other basic products.

during his speech in a colloquial speech at the World Economic Forum held in Davos (Switzerland), France has defended that the EU should not only settle for being the largest market in the world, but has opted for The Block Realizes It’s Also the World’s Biggest Buyer,

In this regard, the President of the ECB has been in favor of exploring the option of “playing as a team” and making joint purchases of energy, minerals or other basic products for the European economy, which would be “concrete action from the side”. as a countermeasure. of vendors”.

«War has shown us how vulnerable we are by playing openly, but it has also allowed us to be aware How powerful are we if we stay together», said Lagarde, for whom «when it flexes, Europe is an incredible force», although the central banker has acknowledged that Europe is sometimes in its goal by slowing down processes and looking at national rather than European objectives. Scores (goals). ,

“I think we are at a time when Europe can act as a formidable team of players at the same time as a referee,” he said, referring to Europe’s “formidable power” in many areas such as business or technology. Referring to, at the same time, taking Japan as a reference in pension fund resources.

Lagarde called on Europe to “lean muscle” and advocated joint purchases of energy and raw materials.

2022-05-25 10:26:29