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Europe may be able to attract “talent” from all over the Atlantic after the election of Donald Trump, proposed by the President of the European Central Bank, as called on the continent to better recognize its economic forces.
Christine Lasnard said that Europe needed to get better in maintaining its talent and savings at home, adding that the decision of the new US administration would freeze the funding of the law on reducing the inflation of former President Joe Biden can eliminate one of the incentives to invest in the United States.
Without direct references to Trump, the French central banker indicated that some residents could attract Europe after the USA inauguration.
“We have to keep the talent at home. We have to keep savings at home. Maybe it’s time to import several talents that would be neglected, for one reason or another, on the other side of the sea,” she said.
Lasrarde’s words appeared on the final day of the World Economic Forum in Davos, during which investors and executives emphasized the contrast between an exciting mood than the American economy and deep pessimism about the weak prospects for the growth of Europe.
Speaking together with Lagard on the panel, Larry Fink, executive director of Blackkck, said he believes that there is too much pessimism in Europe and that it is probably time to embark on the continent.
Lasrarde said that the EU faced “existential threats”, but that it should act as an invitation to wake up for its leaders to take measures to strengthen the block.
She said that a positive rating for the eurozone included a relatively low total government deficit at 3 percent of GDP, and her “strong trust” that an inflation of 2.4 percent more likely to fall than react again.
Lasrarde admitted that some executives were “not” not optimistic “about European appearances, but claimed that the continent could respond to his economic challenges if his leaders” actually meet their act “.
Among the changes that can benefit Europe is Trump’s decision to suspend the payment of funds under the Law on Reducing Inflation, which served as an important bait to European companies who want to establish production projects in the United States.
European politicians in Davos also claimed that Trump vows to set up trade obstacles open the EU opportunity to strengthen their connections with other countries around the world. Lasrarde said that after World War II, Europeans learned that “you can’t go alone”, and instead were supposed to sit at a table and work.
She said, “What is happening outside is the challenge, but also a great opportunity to audit and decide whether Europe wants to be a key player,” Lagarde said. “I claim he has a talent and has funds and has ambition.”
Fink, despite his optimism that the investment case for Europe has grown, said that Europe is “myth” because the unique market is incomplete, including financial services.
Lasrarde did not agree. “Europe is not a myth. It’s not a basket. It’s a fantastic case for transformation.”
