Lagarde insta a reducir ciertas partidas de gasto público para financiar inversiones en IA

European Central Bank President Christine Lagarde has urged countries to reduce certain budget expenditures in order to fund necessary investments in defense, the energy transition, and artificial intelligence, while maintaining balanced public finances. She emphasized the need for countries to be rigorous in their public spending control and transparent about data, drawing a parallel with Greece during the 2008 financial crisis.

Lagarde also highlighted that the European Commission now allows some flexibility periods of 5 to 7 years for investments in areas like defense, enabling the restoration of fiscal balance. Furthermore, she stressed the importance of developing European champions in banking, which would entail encouraging the creation of large financial entities capable of competing with major American banks through transnational operations.

This, she explained, would involve expanding market share, increasing market presence, and leveraging the economies of scale that come from transnational activities. Lagarde pointed out that €300 billion leaves Europe annually, often to be invested in the United States. She called for the creation of a fluid, liquid, deep, and effective capital market with a unified set of rules and harmonized supervision to enhance Europe's ability to attract such investments.