Central Banks
ECB’s Lagarde Sounds Alarm on EU Inertia Over Capital Markets Union
- ECB chief cites shifting geopolitical backdrop in renewed plea
- Bundesbank President Nagel frustrated about lack of progess
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European Central Bank President Christine Lagarde said Europe’s continuing struggle to innovate and the souring geopolitical backdrop make it even more imperative to unite its capital markets.
Addressing the Frankfurt European Banking Congress on Friday, she said the region’s inaction has cost it valuable time since she appeared at that same event in 2023 with much the same message.