President of the European Central Bank (ECB) Christine Lagarde attends a session on the closing day of the World Economic Forum (WEF) annual meeting in Davos, on January 19, 2024.
Being strong means having a strong, deep market.
Europe faces an uncertain future in its relationship with its closest international ally, following the U.S. vote.
With that in mind, Lagarde said Europe should invest more in its capital markets in order to fund investments, such as, for instance, in the green transition.
"Our competitive disadvantage compared to the U.S. is not subsidies but the function of our private capital market."
Persons:
Christine Lagarde, Lagarde, Joe Biden, —, Donald Trump, Christian Linder, Linder
Organizations:
European Central Bank, Economic, Republican, German Finance
Locations:
Davos, Europe, U.S, United States