Mon. Apr 29th, 2024

European Central Financial institution President Christine Lagarde appears on as she attends the European Parliament’s Committee on Financial and Financial Affairs, on the European Parliament, in Brussels, Belgium September 25, 2023. 

Yves Herman | Reuters

European Central Financial institution President Christine Lagarde on Friday stated that Europe is now at a vital juncture, with deglobalization, demographics and decarbonization looming on the horizon.

“There are rising indicators that the worldwide financial system is fragmenting into competing blocs,” she stated on the European Banking Congress.

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