ECB chief says eurozone more 'resilient' to shocks
The eurozone will face more frequent geopolitical shocks but growing "resilience" means it is better placed to cope, European Central Bank President Christine Lagarde has said.
From the COVID pandemic to wars in Ukraine and Iran, the ECB has had to repeatedly respond to global upheaval in recent years that has threatened its goal of keeping inflation stable.
Lagarde told the opening of an annual gathering of top central bankers in Portugal that "we face a charged geopolitical environment in which the frequency of major shocks looks to be rising.
"And these shocks are also taking on new forms: market access, energy supplies and critical minerals are increasingly being weaponized."
