President Trump's announcement of universal tariffs on the whole world, including the EU, is a major blow to the world economy. I deeply regret this choice. Let's be clear-eyed about the immense consequences. The global economy will massively suffer. Uncertainty will spiral and trigger the rise of further protectionism. The consequences will be dire for millions of people around the globe. Also for the most vulnerable countries, which are now subject to some of the highest US tariffs. The opposite of what we want to achieve. The...

Speech by Christine Lagarde, President of the ECB, on the occasion of the conferral of the Sutherland Leadership Award in Dublin, Ireland It is an honour to receive the Sutherland Leadership Award. There are moments in history when things that were once set in stone become fluid. Institutions, norms and alliances that seemed timeless can suddenly be remade. These moments typically come only once in a generation. Peter Sutherland faced such a juncture when the Cold War ended. The collapse of the...

The Commission has presented ProtectEU, a new European internal security strategy to support EU countries in guaranteeing security for its citizens. It sets out a workplan with a stronger legal framework, better information sharing and closer cooperation.  To address increasing security and hybrid threats like terrorism, organised crime, cybercrime, and attacks on critical infrastructure, Europe needs to review its approach to internal security. The strategy aims to adopt a whole-of-society approach that includes citizens, businesses, researchers, and civil society who can contribute to better safety...

Today, the European Commission is revising the EU's cohesion policy to better support EU competitiveness and decarbonisation, defence and security, the Eastern border regions as well as affordable housing, water resilience, and the energy transition. The objective of this initiative is to make cohesion policy more effective, by encouraging Member States and regions to invest in the European strategic priorities, while maintaining the focus of cohesion policy on reducing economic, social and territorial disparities. Member States will be invited to...

Welcome address by Christine Lagarde, President of the ECB, at the ECB conference on “The transformative power of AI: economic implications and challenges” in Frankfurt, Germany. It is a pleasure to welcome you to our conference on the transformative power of AI. In the early stages of a new technological breakthrough, it is often hard to discern fact from fiction. We struggle to imagine the ways in which the new technology will be used. And even if we predict the direction...

"Check against delivery" Madam President, dear Roberta, Mr President of the European Council, dear António, Honourable Members, Today, I would like to focus on the threats to global prosperity and stability and the rise of protectionism. And as our domestic agenda cannot be seen separately from global developments around us, let me start with the US tariffs. When the dream of a united Europe began, it started with a simple idea: Let us create one Single Market. Let us break barriers and take tariffs...

Transactions Include Seventh Make More in America Deal, Highlighting Bank Support of Domestic Critical Minerals Supply Chain Washington, D.C. – The Board of Directors of the Export-Import Bank of the United States (EXIM) last week approved three transactions amounting to more than $350 million in financing to support domestic exports and Bank priorities. The first transaction of the day was an $11 million loan for IperionX Technology LLC to support the purchase and installation of industrial metals processing equipment. This transaction is...