The return to power of Donald Trump “has simultaneously restructured cards in three key sectors: economic, political and military,” explains Christine Lagarde in an interview with The Tribune on Sunday This May 18. Significant challenges for “international cooperation” in this annoying context, says the president of the European Central Bank (ECB).
Christine Lagarde wants to be reassuring about taking these problems in Europe, even if the economic situation is still fragile.
The advantages of Europe against the United States
“I am not at all pessimistic. In Europe, employment is maintained, the purchasing power improves, inflation falls. Consumption and investment should begin again, even if the uncertainties generated by the announcements of the US administration weigh with confidence and stop this acquisition.”
The emergence of the euro against the dollar, while the US currency tends to appreciate in “a period of doubt”, remains for it a symbol of these recent changes:
“At a time when we see how the rule of law, court order or commercial rules are questioned in the United States, where uncertainty is permanent and renewed daily, Europe is rightly perceived as a stable economic and political zone, with a solid currency and an independent central bank.”
She continues:
“It is impressive to keep in mind that in a period of doubt when we should normally see the dollar appreciated significantly, the opposite happened: the euro appreciated in relation to the dollar.”
“The alarm is brutal”
A situation that also invites you to continue the efforts made in different fields. Therefore, it requires that “showing collective volunteers manage to free us from the energy, military and financial dependence in which we fall asleep naively.”
When asked about the negative forecasts of the International Monetary Fund (IMF) about the reduction of the public deficit in France, which led to this institution from 2011 to 2019 before taking the head of the ECB says that this remains “a matter of credibility”, which “arises for each country”:
Christine Lagarde will be the BFMTV guest this Sunday, May 18 at 5.30 pm
Source: BFM TV
