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Europe can import disillusioned talent from Trump’s US, says Lagarde

ECB president defends EU strengths and insists it is ‘not a basket case’

Europe may be able to attract disillusioned “talent” from across the Atlantic following Donald Trump’s election, the European Central Bank president has suggested, as she called on the continent to better recognise its economic strengths. 

Christine Lagarde said Europe needed to get better at keeping its talent and savings at home, adding that the new US administration’s decision to freeze some funding for former president Joe Biden’s Inflation Reduction Act might remove one of the incentives to invest in the US. 

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