European leaders are facing increasing pressure as the United States continues to implement trade restrictions, impacting the global financial market. In late May, European Central Bank (ECB) President Christine Lagarde urged member states to prioritize fiscal stability and strengthen their national currencies to mitigate the risks associated with the escalating political conflict. This call follows a recent downturn in the dollar, highlighting concerns about the potential for further instability in the global economic landscape. The situation necessitates coordinated action to address the underlying issues driving market volatility.
Credits: The Straits Times World News
