ECB’s Lagarde Says Monetary Policy Can’t Solve Debt Problems

Duralex, the renowned French glassmaker, successfully raised €5 million in emergency funding within just five hours and 40 minutes after appealing to the public for support. The fundraising effort quickly exceeded expectations, with pledges surpassing €19 million within 48 hours, highlighting the brand's nostalgic value and strong consumer loyalty.

Thousands of French brands have filed a class-action lawsuit against the Chinese retailer Shein, alleging unfair competition. This legal action follows protests that erupted outside Shein's first physical store, which opened in early November at Le BHV Marais department store in Paris.

Alvaro Santos Pereira, a member of the European Central Bank's Governing Council, has warned that a significant correction in financial markets and cryptocurrencies poses a major short-term risk to financial stability. This caution comes amid ongoing volatility in the markets, highlighting concerns over potential impacts on the broader economy.

Madis Muller, a member of the European Central Bank's Governing Council, expressed a relaxed stance regarding inflation in the euro area, suggesting that price pressures are manageable and indicating little desire for further interest rate adjustments. He noted that inflation is expected to remain close to the ECB's target of 2% for the foreseeable future.

Christine Lagarde, president of the European Central Bank (ECB), warned that Europe's economy is increasingly vulnerable due to its reliance on international trade and third countries for security. She emphasized the need for reforms within the EU to stimulate growth, as the bloc's major trading partners have shifted away from the trade that has historically benefited its exporters.

European Central Bank President Christine Lagarde stated that Europe needs to shift away from a growth model reliant on exports. This change is essential for fostering sustainable economic growth within the continent.

Christine Lagarde, President of the European Central Bank, has warned that European economic growth is increasingly at risk due to a reliance on an export-dependent model that is becoming obsolete. She criticized policymakers for six years of inaction, emphasizing the urgent need for reforms to adapt to changing global dynamics.

Frank Elderson, a member of the European Central Bank's Executive Board, is poised to extend his term as vice chair of the institution's supervisory arm, according to sources familiar with the situation.