Christine Lagarde stated that the eurozone economy is performing better than expected but faces an "existential crisis" due to internal trade barriers and a fragmented financial market, hindering competitiveness.Speaking at a Financial Times conference, Lagarde urged urgent EU reforms, including a Capital Markets Union and joint Eurobond issuance for defense, aligning with ideas from Mario Draghi.She also pushed back against Emmanuel Macron's call to rethink the ECB's mandate, reaffirming its primary focus on price stability amidst potential upward revisions to growth forecasts.