ECB vice-president urges Europe to stay open while boosting resilience

Boris Vujčić, the European Central Bank's vice‑president, told a Dublin conference that Europe must maintain an open economy despite rising geopolitical risks. He warned that more frequent shocks, such as Russia’s war in Ukraine and Middle‑East conflicts, are disrupting energy markets and could threaten growth, inflation and financial stability. Vujčić highlighted additional pressures from tariffs, export limits on key technologies, sanctions and cyber threats, and called for building resilience so openness can endure.