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🧵 Closer European integration is the best response to global fragmentation, says Executive Board member Fabio Panetta at @Bruegel_org. It increases our resilience to the destabilising effects of geopolitical tensions on the economy.
Speech https://www.ecb.europa.eu//press/key/date/2023/html/ecb.sp230424~67a4af298c.en.html
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Panetta: The EU is one of the most open economies, with significant dependencies that can turn into vulnerabilities.
It needs to defend multilateralism and revisit its growth model, balancing external orientation with domestic investment and home-grown innovation
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🐦🔗: https://n.respublicae.eu/ecb/status/1650425302517006338