PARIS - Christine Lagarde, President of the European Central Bank (ECB), addressed students in Paris today via video, discussing the challenges faced by supranational organizations. In her remarks, she highlighted the increasing pressures from self-interested groups and emerging populist movements. This conversation comes just before the ECB enters its quiet period ahead of the December 14 policy meeting.
Lagarde observed that the world appears increasingly fragmented, where states are forming new agreements that have the potential to shake up the established global order. Her comments shed light on the geopolitical tensions and their implications for international cooperation and economic stability.
This engagement with students occurred after Lagarde tested positive for Covid-19 on Saturday. Despite her diagnosis, she remains active in her role, utilizing virtual means to continue her duties and public engagements.
The ECB's quiet period is a time when policymakers refrain from making public comments about monetary policy to avoid influencing financial markets before important policy decisions are announced.
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