ECB’s Lagarde: EU doesn’t need all 27 to move forward on reforms

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Christine Lagarde, the president of the European Central Bank (ECB), explained in an interview with the Wall Street Journal that the European Union does not necessarily need to wait for the approval of all 27 member states to make meaningful progress on long-standing economic reforms. Lagarde is pushing for the principle of a "coalition of the willing," which would allow a smaller group of member states to work more closely without the others, P…

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Christine Lagarde, president of the European Central Bank (ECB), has urged European Union (EU) governments to form "coalitions of the willing" to implement long-delayed economic reforms, arguing that the bloc does not need the support of all 27 countries to move forward with reforms.