ECB President Christine Lagarde says Europe is facing interconnected crises that have weakened its traditional economic foundations, while urging fiscal reform, deeper capital markets and continued cooperation across the bloc

Top European officials discussed the bloc’s economic outlook, energy market risks and the euro’s global role ahead of the upcoming European Council summit.

A report by the Financial Times that the incumbent European Central Bank (ECB) president, Christine Lagarde, is considering stepping down from her post, apart from causing some jitters in the EU currency exchange rate (the euro recorded a slight 0.16% drop against the US dollar in the morning), has also raised questions about the motives […]