The President of the European Central Bank (ECB), Christine Lagardehe has defended that «the Institutional independence It is a key source of stability and trust «, especially in this» uncertain world «, and stressed that this concept» has a special meaning for me as a central banquera. «At a time when the interference from the president of the United States, Donald Trumpto achieve control of the Federal Reserve (Fed) They have reached the courts, these statements of Lagarde in Paris, on the occasion of the 25th anniversary of the Institut Montaigne, charge special meaning. And it is that the French has pointed out that «The question of independence extends far beyond monetary policy. As Michel de Montaigne once wrote, ‘The Plus Grande Chose du Monde, C’est of Savoir être à soi’ (the greatest thing in the world is knowing to belong to oneself). «In this sense, Lagarde has remarked that today, Europe and its member states ask what is needed to» belong to oneself «in a world where The foundations of international order are changing. «Today, it is based on the system power: The ability to manage the units created by the infrastructure and technologies that unite us. Safeguarding independence in a world of systemic power is the defining challenge of our time, «he said. In fact, to succeed, the central banquera believes that Europe must be transformed, to restore strategic balance in this new era. «Only then can we prevent interdependence from descending to coercion cycles that would finally weaken us.» Therefore, consider that the Europe’s primary objective In this changing order «is clear»: defend your valueswithout compromising its principles, and actually act. «To do this, we must defend as far as possible, worldwide, a system based on the rule of law, which remains the aspiration of most nations. But we must be realistic. If the great powers, encouraged by military power, are moving away from multilateralism and adopting the logic of the system of the system, We must be prepared«. In this regard, Lagarde has affirmed that Interdependence can serve once again as a stability pillar instead of a source of fragility. «For the EU, this requires three changes: sharing, coherence and coalitions.» Thus, he considers that «the best option is to keep world institutions in the center supporting the International Monetary Fund (IMF) and World Trade Organization (WTO) As anchors of an open commercial and financial system and helping them to evolve to deal with new challenges. «This will require Europe to adapt, given its long -standing commitment to multilateral frameworks and international law.» But we have a unique advantage. As the largest commercial network, we can take advantage of this position to forge new agreements and deepen strategic associations. AND We still have many related ideas around the world«The French said.» Today, we can face a moment of necessity again, since the power is exercised through the same systems that we all depend, even at the risk of breaking them. What is at stake is our independence. Europe must be stronger, more aligned, more realistic«Lagarde has cooked.
