CNBC Tech
U.S. retreat from global order ‘eroding’ European competitiveness, central bank boss warns
Wednesday, August 19, 2026
European Central Bank President Christine Lagarde stated that Europe needs better regional integration to compete in artificial intelligence development. Lagarde made the comment in response to what she described as a U.S. retreat from the global order. She did not provide specific details about how the integration should occur or which sectors require priority focus.
Original reporting: https://www.cnbc.com/2026/08/19/lagarde-ecb-europe-economy-trump.html
