Past Event

Taking competitiveness seriously?

Establishing an independent competitiveness authority in each country of the euro area was a key recommendation in the Five Presidents' Report, but how could the system work in practice? This event will take place in Luxembourg, jointly organised with the Competitiveness Observatory of Luxembourg's Ministry of the Economy.

Date: November 26, 2015, 2:00 pm Topic: Macroeconomic policy

In the framework of our 10th anniversary celebrations, Bruegel is organising a series of events in the 10th-anniversary
capitals of our member states. These debates, talks and conferences will bring crucial European topics to audiences across the continent.

This event was jointly organised with the Competitiveness observatory of Luxembourg’s Ministry of the Economy, and discussed the recent proposal of the five Presidents Juncker, Tusk, Dijsselbloem, Draghi and Schulz of setting up independent competitiveness authorities in each country of the euro area.

The proposal, originally developed by Bruegel, raises a number of issues that are worth discussing:

  • How to define competitiveness?
  • How do competitiveness boards interact with monetary and fiscal policies of the euro area (namely the “European semester”)?
  • What role can they play in structural reforms?
  • Can they reduce macroeconomic imbalances?
  • How are these new independent authorities supposed to work?
  • How to ensure the competitiveness of a country as well as the competitiveness of the euro area as a whole?

Note that this event was held in French.

Event Materials

Luc Denayer – Presentation

Pierre Thielen – Presentation

Relevant Reading

Bruegel Policy Brief: Euro-area governance: what to reform and how to do it by André Sapir and Guntram Wolff

Schedule

Nov 26, 2015

14:00-14:05

Opening statement

Serge Allegrezza, Director general at DG Competitiveness - Ministry of the Economy, Luxembourg

14:05-14:15

Introduction speech

Franz Fayot, Member of Parliament, Chair of the parliamentary commission of Economic affairs, Parliament, Luxembourg

14:15-14:45

Why such a new system of competitiveness boards in the € area? How to design it?

Alexis Loublier, European Commission

André Sapir, Senior Fellow

14:45-15:15

Experiences in EU Member states

Luc Denayer, Secretary General, The Central Economic Council, Belgium

15:15-15:30

The situation in Luxembourg

Pierre Thielen, Policy advisor, Ministry of the Economy, Luxembourg

15:30-15:45

Coffee break

15:45-16:55

Panel discussion

Chair: Serge Allegrezza, Director general at DG Competitiveness - Ministry of the Economy, Luxembourg

H. Sneessens, Professor of Economics, Center for Research in Economics and Management - University of Luxembourg, Luxembourg

J-C. Reding, President, Chambre des salariés, Luxembourg

J-J. Rommes, Managing Director, Union des entreprises luxembourgeoises (UEL), Luxembourg

16:55-17:00

Closing statement

Serge Allegrezza, Director general at DG Competitiveness - Ministry of the Economy, Luxembourg

Speakers

Serge Allegrezza

Director general at DG Competitiveness - Ministry of the Economy, Luxembourg

Luc Denayer

Secretary General, The Central Economic Council, Belgium

Franz Fayot

Member of Parliament, Chair of the parliamentary commission of Economic affairs, Parliament, Luxembourg

Alexis Loublier

European Commission

J-C. Reding

President, Chambre des salariés, Luxembourg

J-J. Rommes

Managing Director, Union des entreprises luxembourgeoises (UEL), Luxembourg

André Sapir

Senior Fellow

H. Sneessens

Professor of Economics, Center for Research in Economics and Management - University of Luxembourg, Luxembourg

Pierre Thielen

Policy advisor, Ministry of the Economy, Luxembourg

Location & Contact

Conseil économique et social, 13, rue Erasme, 1468 Luxembourg-Kirchberg

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