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.
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.
Registration and coffee
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
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
Session 4 - A euro-area system of competitiveness authorities: how can it be designed?
Chair: André Sapir, Senior Fellow
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
Head Economist, Regulation and Public Policies, BBVA
Member of Parliament, Italy
Deputy Director-General, DG for Financial Stability, Financial Services and Capital Markets Union
Non Resident Fellow
Director, Growth, Competitiveness and Structural Reforms, DG ECFIN
Secretary General, The Central Economic Council, Belgium
Former head of the Greek statistical office
President, Center for Social and Economic Research (CASE)
Professor, Copenhagen Business School
Vice-chair of the Finnish Cost and Income Development Committee
Director European Economic and Monetary Union, German Federal Finance Ministry
Deputy Head of the Cabinet of Valdis Dombrovskis, European Commission
Professor of Economics, University of Oxford
President, Institut Jacques Delors
Guntram B. Wolff
Location & Contact
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