Lagging Behind in Artificial Intelligence: Lagarde and Van Der Bellen Call for a European Capital Markets Union
6 Articles
6 Articles
ECB President Christine Lagarde calls for the rapid expansion of a real capital market union. Otherwise, Europe would be dependent on artificial intelligence from other countries.
The President of the European Central Bank warned of technological backwardness in Vienna. The President called for "less self-constraint".
ECB President Christine Lagarde and Federal President Alexander Van der Bellen called for the rapid expansion of the EU Capital Market Union on Monday. Lack of funding endangers Europe's technological sovereignty in the field of artificial intelligence (AI), Lagarde warned at the "Hofburg im Dialog" event in Vienna. Federal President Van der Bellen stressed that private investment is crucial in the face of scarce public finances.
ECB President Christine Lagarde urges the rapid implementation of the EU Capital Market Union. Otherwise, Europe is threatening long-term dependence on artificial intelligence.
Lagging Behind in Artificial Intelligence: Lagarde and Van der Bellen Call for a European Capital Markets Union
At the “Hofburg im Dialog” discussion event in Vienna, ECB President Christine Lagarde and Austrian Federal President Alexander Van der Bellen issued an urgent appeal to policymakers and the business community in the European Union. To secure Europe’s technological sovereignty—particularly in the future-oriented field of artificial intelligence (AI)—a genuine European capital markets union must be established without delay.
A new age of capital: growth, sovereignty and AI
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
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