How is a successful European Monetary Union still possible in today's ever-shifting political landscape? What reforms need to occur in order to guarantee success of cohesive policies?
Bruegel is happy to host a discussion about the following issues: the completion of a Monetary Union in an evolving international community, a European monetary policy and financial system, and lessons learned through the past year in the European economy.
This event features the presentation of the Euro Yearbook 2018, where the authors set out to describe, analyse, and discuss the process leading to a European Monetary Policy. The results will be presented by the project’s director Fernando Fernández.
Afterwards, a discussion will open regarding the takeaways from the 2018 Yearbook in light of the current European debate.
The event will be livestreamed. There is no need to register for the livestream.
Check-in and lunch
Presentation of the Euro Yearbook 2018
Fernando Fernández, Director, Annual Review of the Euro
Director, Annual Review of the Euro
Head of Unit, European Commission, DG ECFIN
Executive Director, FEF
Deputy Director, Cabinet of the Spanish Economy Minister
What has changed since the financial crisis of 2008 that makes the financial system sound at last? Is regulatory reform going in the right direction? Has it run its course?
What was trade policy during the last European Commission? What will be the future of European trade under the next Commission?
Longer-term yields falling below shorter-term yields have historically preceded recessions. Last week, the US 10-year yield was 21 basis points below the 3-month yield, a feat last seen during the summer of 2007. Is the current yield curve a trustworthy barometer for future growth?
The third edition of the EU-LAC Economic Forum.
What is the current status of EU-China relations concerning innovation, and what might their future look like?
The Chinese yuan has been under pressure in recent days due to the slowing economy and, more importantly, the escalating trade war with the US. While the Peoples Bank of China has never said it will safeguard the dollar-yuan exchange rate against any particular level, many analysts have treated '7' as a magic number and heated debates have begun over whether the number is unbreakable.
Investors and the public have been looking at the renminbi with caution after the Trump administration threatened to increase duties on countries that intervene in the markets to devalue/undervalue their currency relative to the dollar. The fear is that China could weaponise its currency following the further increase in tariffs imposed by the United States in early May. What is the likelihood of this happening and what would be the consequences for the existing tensions with the United States, as well as for the global economy?
Following the latest European elections, the author updates his previous analysis of trends in the share of European Parliament seats among ‘mainstream’ and ‘non-mainstream’ parties.
Jean Pisani-Ferry constate que tous les grands partis ne remettent plus en cause l’euro. Il souligne néanmoins que trois vulnérabilités – économique, politique et internationale – menacent la monnaie unique.
If faced with a resurgent President Trump after the next US election, the EU will have some difficult decisions to make as it is compelled to enter a one-sided negotiation. Failure to strike a deal will imperil the world’s largest trade relationship and contribute to the progressive unravelling of the rules enshrined in the World Trade Organization – although the changes required of Europe by Trump’s demands may ultimately turn out to be in the interest of Europeans.
Bruegel director Guntram Wolff and Bruegel fellow Uri Dadush welcome William Alan Reinsch, senior adviser and Scholl chair in international business at the Center for Strategic and International Studies, for a discussion of how China-US relations are developing in the context of unfolding trade war.
“When facts change, I change my mind,” John Maynard Keynes famously said. With long-term interest rates currently near zero, the European Union should reform its fiscal framework to allow member states to increase their debt-financed public investments.