Director and CEO, German Council on Foreign Relations
Non Resident Fellow,
Professor of Economics, University of Oxford,
Former head of the Greek statistical office,
Deputy Head of the Cabinet of Valdis Dombrovskis, European Commission,
Member of Parliament, Italy,
Director-General, European Commission, European Commission, DG FISMA
Vice-chair of the Finnish Cost and Income Development Committee,
Head Economist, Regulation and Public Policies, BBVA,
Professor, Copenhagen Business School,
Director European Economic and Monetary Union, German Federal Finance Ministry,
Secretary General, The Central Economic Council, Belgium,
President, Center for Social and Economic Research (CASE),
President, Institut Jacques Delors,
Giving the EU greater powers to oversee and coordinate the fiscal and financial policies of its member states is controversial. Yet recent crises show that macroeconomic imbalances pose a threat to the stability of the euro and the wider single market. How can these issues be addressed in a manner acceptable to the governments and citizens of Europe?
- The first session will look at the fiscal governance of the EU. Can the current set-up achieve the two main objectives of a fiscal framework: discouraging governmental deficit bias in order to ensure the long-term sustainability of public debt, while leaving scope for countercyclical fiscal policy?
- The second session will discuss whether euro and non-euro members can share a vision of the EU.
- In the third session the discussion will take stock of Europe’s “financial union”. Topics will include a European deposit insurance schemes and other ways to mitigate the damaging links between banks and sovereigns. Will tensions arise from the different geographical scope of banking union and the EU single market?
- The fourth and final session will explore the idea of setting up a euro-area system of competitiveness authorities. How should these authorities be organised and how they should cooperate?
This is an off-the-record invitation-only event for Bruegel members and selected invitees.