A French-German Vision on Euro Area Reform - Seminar with H.Enderlein, J.Pisani-Ferry, J.Zettelmeyer

Recording of the online seminar held on the 15th of February 2018, organised by the Florence School of Banking and Finance.

Speakers:
Henrik Enderlein (Hertie School of Governance and Jacques Delors Institute Berlin)
Jean Pisani-Ferry (EUI, Bruegel, Hertie School of Governance and Sciences Po)
Jeromin Zettelmeyer (Peterson Institute for International Economics)

Moderator:
Pierre Schlosser (Florence School of Banking and Finance)

Market discipline and risk sharing should be viewed as complementary pillars of the euro area financial architecture, rather than as substitutes. Achieving this complementarity, however, is not easy. It calls for stabilisation and insurance mechanisms that are both effective and cannot give rise to permanent transfers. And it requires a reformed institutional framework.

Against this background, the seminar presents and discuss the recent Euro Area reform proposal formulated in a CEPR Policy Insight by a group of independent French and German economists with differing views and political sensitivities but a shared conviction that the current deadlock must be overcome.

The proposal asserts that a reform of the euro area is needed for three reasons: first, to reduce the continued vulnerability of the euro area to financial instability; second, to provide governments with incentives for reform; third – and perhaps most importantly – to remove a continuing source of division between euro area members and of resentment of European institutions, which has contributed to the rise of anti-euro populism and which could eventually threaten the European project itself.

http://fbf.eui.eu/event/online-seminar-french-german-vision-euro-reform/?instance_id=280

Видео A French-German Vision on Euro Area Reform - Seminar with H.Enderlein, J.Pisani-Ferry, J.Zettelmeyer канала Florence School of Banking and Finance