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Christine Lagarde’s departure puts Europe’s unfinished financial architecture in focus. Beyond monetary stability, the challenge is to connect savings, pension capital and public financing with markets capable of supporting European companies through growth, investment and credible exits.
Europe has a shared currency, but its financial markets remain fragmented. The Euro’s Next Chapter explores how deeper integration can connect savings with investment—and why infrastructure, stability and public trust matter.
Christine Lagarde has broadened the language of central banking beyond inflation and interest rates. Her vision reveals Europe’s deeper dilemma: a common currency cannot create economic scale, monetary sovereignty or integrated capital markets without corresponding political architecture.
