Paris, France – European Central Bank (ECB) President Christine Lagarde recently asserted that national frameworks are insufficient to achieve genuine independence for Europe in a rapidly evolving global landscape. Speaking at the 25th anniversary of the Institut Montaigne on September 15, 2025, Lagarde highlighted the necessity for a more integrated European approach to maintain stability and influence. Her remarks underscore a growing sentiment among some European leaders regarding the future direction of the continent.
Lagarde's speech, titled "Stability through balance: rethinking power in a connected world," emphasized that while individual nations pursue policies, "national frameworks cannot deliver true independence." She argued that Europe's ability to act decisively and collectively on the world stage requires pooling resources and adopting new decision-making processes, particularly in strategic areas. This perspective suggests a move beyond traditional national sovereignty towards a more unified European entity.
The ECB President advocated for extending qualified majority voting within the European Union, stating it is "the only way to exercise it fully" and enable Europe to achieve the necessary scale in strategic fields. This would allow citizens to shape events and enhance Europe's independence amidst rival global powers where "size and the scale effect are critical." She cited the ECB's own decision-making process as a successful example of this approach.
Lagarde's comments have resonated with proponents of deeper European integration. As noted by Mariska den Eelden on social media, who quoted Lagarde, "The nation state is obsolete. It's a cage for Europeans. The future is a federal Europe." This interpretation reflects a broader debate about whether the existing structures are adequate to address contemporary geopolitical and economic challenges.
The speech also touched upon the concept of "system power," where control over critical technologies and resources grants leverage. Lagarde warned that Europe, which thrived under a rules-based soft power paradigm, was not designed for this new era and must transform to restore strategic balance. She called for reducing asymmetric dependencies and building partnerships to secure vital interests, suggesting that a more unified approach is crucial for Europe's future stability and autonomy.