Lagarde Says Europe Is More Resilient to Shocks as Low-Carbon Energy Investment Pays Off
Updated
Updated · Bloomberg · Jun 29
Lagarde Says Europe Is More Resilient to Shocks as Low-Carbon Energy Investment Pays Off
3 articles · Updated · Bloomberg · Jun 29
Summary
Sintra, Portugal — ECB President Christine Lagarde said Europe is becoming less vulnerable to external economic shocks, pointing to stronger resilience across the region.
Lagarde credited a better financial framework, saying tighter banking and fiscal regulations have helped Europe absorb recent strains more effectively.
Low-carbon energy investment has also paid off, she said, linking progress on the green transition to reduced exposure to outside disruptions.
The remarks opened the ECB’s annual retreat in Sintra, where policymakers are assessing Europe’s economic outlook and sources of stability.