Lagarde: EU falling behind in emerging technology

Christine Lagarde, the head of the European Central Bank, has warned that the EU is falling behind in emerging technology.

In a speech at the European Parliament, Lagarde said that the EU needs to invest more in research and development in order to keep up with the United States and China.

Lagarde said that the EU is "lagging behind" in key areas such as artificial intelligence, blockchain, and quantum computing.

She said that the EU needs to "step up its game" in order to compete with the United States and China in these areas.

Lagarde's speech comes at a time when the EU is facing a number of challenges, including the ongoing COVID-19 pandemic and the war in Ukraine.

However, she said that the EU needs to "seize the opportunity" to invest in emerging technology and become a leader in these areas.

Lagarde's speech was welcomed by some MEPs, who said that the EU needs to take action to address the challenges it faces.

However, other MEPs said that the EU needs to focus on more pressing issues, such as the cost of living crisis.

It remains to be seen whether the EU will take Lagarde's advice and invest more in emerging technology.

However, her speech is a reminder that the EU needs to take action to address the challenges it faces and to compete with the United States and China in the global economy.