ISTANBUL

Europe should have a “real” single market, the European Central Bank chief said on Friday.

"Being strong means having a strong, deep market, having a real single market," where European money is reinvested in the bloc, Christine Lagarde said in her speech at the World Economic Forum (WEF) in Davos.

She said that investments should be moved toward renewable sources.


Lagarde said that the pattern of global trade is changing and the inflation around the globe is decreasing.


In the same session, Christian Lindner, the federal minister of finance of Germany, emphasized the emergence of a "new normal" for the global economy, characterized by rising artificial intelligence and geopolitical tensions.