European Central Bank's Supervisory Board Chair Claudia Buch emphasizes the need to close gaps in the crisis management framework promptly. The ECB plans to intensify the use of escalation mechanisms to address supervisory findings and deficiencies by banks. ECB President Lagarde highlights the importance of higher productivity and capital investment for economic resilience. Lagarde projects a growth pickup in 2024 driven by increasing purchasing power and expects the decline in inflation in the Euro area to continue. The Capital Markets Union (CMU) is seen as crucial for economic resilience and growth.