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Don't remind me again today

Christine Lagarde dropped some real talk Friday about Europe's economy being stuck in the past. The ECB president didn't hold back, saying the continent's prosperity model is "geared towards a world that is gradually disappearing."



Her main point? Europe's classic export-heavy growth strategy has shifted from being a strength to an actual weakness. What worked for decades—relying on shipping goods globally—doesn't fit the current economic reality anymore.

The "old growth model" comment hits different when you consider how much geopolitical and trade dynamics have shifted. Export dependence might've been Europe's thing, but Lagarde's basically calling it a vulnerability now. Big structural rethink ahead for the EU economy.
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ImaginaryWhalevip
· 6h ago
The old trap in Europe really needs to change, otherwise we will keep losing more and more.
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fork_in_the_roadvip
· 6h ago
Europe is still sleepwalking. The export model should have died long ago; it was obvious from the start.
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SigmaBrainvip
· 6h ago
Europe is clinging to old tactics, no wonder the economy is being crushed; Lagarde is not wrong.
View OriginalReply0
GlueGuyvip
· 6h ago
Ngl, this trap in Europe really needs to change; clinging to the export model while still wanting to rely on old profits is no longer viable, as the international situation has changed.
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GweiTooHighvip
· 6h ago
Europe really needs to change its mindset. Clinging to the old export-focused approach should have been abandoned long ago.
View OriginalReply0
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