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Story summary
- At the European Banking Congress in Frankfurt, Christine Lagarde (ECB President) urged Europe to unlock the internal market because barriers in services and goods markets act like tariffs of 100% and 65%.
- She proposed steps reforming EU governance for qualified majority voting, establishing a pan-European corporate law regime, and reviving mutual recognition for goods and services.
- Lagarde praised leaders for defense and infrastructure spending, saying these measures boost Europe’s growth.
