Past Event

Economic governance of the EU: Quo Vadis?

This event will address topics of central interest in current EU policy debates: fiscal and competitiveness coordination, financial union and the divergent needs of member states inside and outside the euro area.

Date: November 3, 2015, 9:00 am Topic: European Macroeconomics & Governance

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.

EVENT Materials

Anna Ascani – Speech
Andreas Georgiou – Presentation
Mikko Spolander – Presentation
Georg Ringe – Presentation
David Vines – Presentation

Schedule

Nov 03, 2015

9:00-9:30

Registration and coffee

9:30-11:00

Session 1 - Fiscal governance of the EU: do we have what we wanted?

Chair: Zsolt Darvas, Senior Fellow

Andreas Georgiou, Former head of the Greek statistical office

David Vines, Professor of Economics, University of Oxford

Massimo Suardi, Deputy Head of the Cabinet of Valdis Dombrovskis, European Commission

Wilfried Steinheuer, Director European Economic and Monetary Union, German Federal Finance Ministry

11:00-11:20

Coffee break

11:20-13:10

Session 2 - Can euro and non-euro members share a vision of the EU?

Chair: Guntram B. Wolff, Director

Anna Ascani, Member of Parliament, Italy

António Vitorino, President, Institut Jacques Delors

Christopher Hartwell, President, Center for Social and Economic Research (CASE)

13:10-14:00

Lunch

14:00-15:30

Session 3 - Consolidating the financial union

Chair: Nicolas Véron, Senior Fellow

Georg Ringe, Professor, Copenhagen Business School

John Berrigan, Deputy Director-General, DG for Financial Stability, Financial Services and Capital Markets Union

Maria Abascal, Head Economist, Regulation and Public Policies, BBVA

15:30-17:00

Session 4 - A euro-area system of competitiveness authorities: how can it be designed?

Chair: André Sapir, Senior Fellow, Bruegel

Anne Bucher, Director, Growth, Competitiveness and Structural Reforms, DG ECFIN

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

Michiel Bijlsma, Non Resident Fellow

Mikko Spolander, Vice-chair of the Finnish Cost and Income Development Committee

Speakers

Maria Abascal

Head Economist, Regulation and Public Policies, BBVA

Anna Ascani

Member of Parliament, Italy

John Berrigan

Deputy Director-General, DG for Financial Stability, Financial Services and Capital Markets Union

Michiel Bijlsma

Non Resident Fellow

Anne Bucher

Director, Growth, Competitiveness and Structural Reforms, DG ECFIN

Zsolt Darvas

Senior Fellow

Luc Denayer

Secretary General, The Central Economic Council, Belgium

Andreas Georgiou

Former head of the Greek statistical office

Christopher Hartwell

President, Center for Social and Economic Research (CASE)

Georg Ringe

Professor, Copenhagen Business School

André Sapir

Senior Fellow, Bruegel

Mikko Spolander

Vice-chair of the Finnish Cost and Income Development Committee

Wilfried Steinheuer

Director European Economic and Monetary Union, German Federal Finance Ministry

Massimo Suardi

Deputy Head of the Cabinet of Valdis Dombrovskis, European Commission

Nicolas Véron

Senior Fellow

David Vines

Professor of Economics, University of Oxford

António Vitorino

President, Institut Jacques Delors

Guntram B. Wolff

Director

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevón

matilda.sevon@bruegel.org +32 2 227 4212

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