Lagarde Calls on Europe to Use Challenges as Impetus for Change

Europe should use the challenges posed by an increasingly fragmented world order and geopolitical conflicts as an opportunity to strengthen the foundations of its domestic market, according to European Central Bank President Christine Lagarde.

As an open economy, the continent is more exposed than others to the adverse effects of change, she told fellow policymakers in a speech in Ljubljana on Wednesday. But with the right response, Europe has also a lot to gain, she said.