European Central Bank President Christine Lagarde speaks on a panel at the World Economic Forum in Davos, Switzerland.

The re-election of Donald Trump should serve as a “wake-up call” for EU leaders, Lagarde and Germany's Habeck warned.

Christine Lagarde said Europe needed to get better at keeping its talent and savings at home, adding that the new US administration’s decision to freeze some funding for former president Joe Biden’s Inflation Reduction Act might remove one of the incentives to invest in the US.

BAKU, Azerbaijan, January 24. Christine Lagarde, President of the European Central Bank (ECB), expressed optimism about Europe’s economic prospects during the Global Economic Outlook panel at the World Economic Forum in Davos, Trend reports.

In Europe, the working poor subsidize the nonworking poor. Meanwhile, the welfare state is destroying worker productivity and limiting economic growth.

An intensified trans-Atlantic competition, despite calls for cooperation, belied an overall upbeat mood among many business leaders in Davos who are looking for economic growth, fewer regulations, lower taxes and greater efficiencies through technologies like artificial intelligence — another key theme to the week.

From the standpoint of America, the EU treats us very, very unfairly, very badly,” Trump said in a virtual address to the World Economic Forum.

Bangladesh's interim leader Muhammad Yunus sought the assistance of European Central Bank (ECB) President Christine Lagarde on Wednesday to recover billions of dollars stolen during Prime Minister Sheikh Hasina's regime.

Europe must "be prepared" and anticipate the potential trade tariffs of newly inaugurated U.S. President Donald Trump, European Central Bank President Christine Lagarde told CNBC on Wednesday.

The European Central Bank is “not overly concerned” by the impact of inflation abroad on the bloc, the institution’s President Christine Lagarde told CNBC.

It is the European Union that is isolated, not Hungary. We are walking on the main street of history, while the EU is stumbling somewhere in the muddy backstreets.

The ECB is expected to cut rates by 25bps to 2.75% on Thursday as inflation nears 2% and growth remains weak. Analysts see further cuts in 2025, but US trade tariffs could add uncertainty.