Martin Wolf speaks to Christine Lagarde: Europe’s ‘existential crisis’

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• 00:14

  Hello, I'm Martin Wolf, Chief Economics Commentator at the Financial Times,

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  and this is The Economics Show.

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  A little earlier this month, I sat down with Christine Lagarde,

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  President of the European Central Bank,

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  as part of the FT's annual digital conference, The Global Boardroom.

• 00:34

  We spoke about how Europe's economy has proven more resilient than expected.

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  The structural barriers the bloc needs to break through and how Europe should fund the defence of Ukraine.

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  Lagarde sits at the very heart of the European economy and is extremely well placed to discuss these issues.

• 00:56

  The interview was first broadcast live on the 10th of December as part of the FT's Global Boardroom Conference.

• 01:05

  It has been edited for concision.

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  I hope you enjoy it.

• 01:17

  So it's a great pleasure to be with you, Christina Gain.

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  I've known you for about 30 years and when I first met you, you were agriculture minister of France.

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  What a career it's been since then.

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  So subsequently, of course,

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  you were finance and economy minister during the financial crisis, which was quite an event.

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  And we talked a lot then.

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  Then, of course, managing director of the International Monetary Fund.

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  And now, quite a few years, you have been president of the European Central Bank.

• 01:47

  And one can safely say that throughout all that period,

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