ECB Chief Warns U.S. Retreat Is Making It Harder to Compete, Says Europe's Post-War Economic Model Is 'Eroding'

Source: International Business Times

Getty Images Europe's decades-old economic model is coming under pressure as the United States retreats from the global order that helped underpin the continent's prosperity, European Central Bank President Christine Lagarde warned Wednesday. Speaking at the World Economic Forum's International Business Council in Geneva, Lagarde said the different foundations that powered European growth after World War II are weakening simultaneously, forcing the region to rethink how it competes in an increasingly fragmented global economy. Read moreIran Could Take The U.