Interview with Christine Lagarde, President of the ECB, conducted by Marie-Pierre Gröndahl on 8 May 2025

18 May 2025

The new US President’s first 100 days in office have been a period of economic and financial chaos. What’s the best response to all of this chaos and disruption?

President Trump taking office changed the state of play in three key areas at once: the economy, politics and defence. These have been three key pillars of international cooperation in the increasingly globalised world of recent decades. But this is an opportunity more than a threat – Europe is needed now more than ever. European leaders have to seize this opportunity and speed up the process of deepening the European Union. As we see our reliance on others in the areas of energy, defence and finance being questioned, we need to work together. These are public goods and require coordinated action at the European level. None of the countries in the euro area would be able to tackle the challenges in…