The EU can offset the impact of US tariffs on growth by removing internal barriers, European Central Bank chief Christine Lagarde has said.
She blamed weak competitiveness, structural rigidities and a complex set of varying rules across member states for the EU quickly falling behind competitors.
ECB analysis finds that internal barriers in goods markets are equivalent to tariffs of around 65 per cent.
She blamed weak competitiveness, structural rigidities and a complex set of varying rules across member states for the EU quickly falling behind competitors.
ECB analysis finds that internal barriers in goods markets are equivalent to tariffs of around 65 per cent.
