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Lagarde Calls EU Reform at Draghi’s Charlemagne Dinner

5/15/2026

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Story summary
  • ECB President Christine Lagarde used Mario Draghi’s Charlemagne Prize dinner on May 14, 2026, to press leaders for urgent reforms.
  • She warned that Europe’s institutions are outdated and urged a savings and investment union, a digital euro, and simpler legislation.
  • Draghi received the Charlemagne Prize and was praised by Chancellor Friedrich Merz.
  • The award’s selection committee cited his 2024 report with 383 recommendations as a blueprint for deeper EU integration.