Max Weber Programme/Pierre Werner Chair of RSCAS Multidisciplinary Research Workshop Wednesday 17 October 2012, 11.00-13.00 Villa La Fonte “Exiting the Euro Crisis?”
Organisers: Ramon Marimon (Director MWP, EUI), Thomas Beukers, Aidan Regan and Charles Brendon (MWP Fellows, EUI)
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At the coming 18-19 October European Council meeting an interim report will be presented by the EU’s “Four Presidents” (Herman Van Rompuy, Manuel Barroso, Mario Draghi and Jean-Claude Juncker) with a roadmap for the achievement of a genuine Economic and Monetary Union. It will focus on the four earlier identified essential building blocks for the future of EMU: an integrated financial, budgetary and economic framework and strengthened democratic legitimacy and accountability. It is yet another step in the difficult political process to overcome the sovereign and banking debt crisis that has afflicted the Eurozone since 2009.
This multidisciplinary research workshop will discuss the political and policy consequences of the Eurozone crisis. It will examine both the short-term solutions that have been proposed to solve the crisis (ECB intervention in bond markets, new rules on fiscal discipline and the establishment of a permanent financial mechanism for distressed member-states) and proposals for a long-term fiscal federal union (e.g. a banking union and a central budget). The issues dealt with range from lessons to be learned from the US historical experience to the impact of austerity driven reforms in individual member states.
11.00 Chair: Charles Brendon, MWP Fellow (ECO), EUI
Dr. Aidan Regan, MWP Fellow (SPS), EUI The Origins and Impact of the Eurozone Crisis and Troika Adjustment Program
Dr. Michael Rousakis, MWP Fellow (ECO), EUI A Greek Perspective
Dr. Thomas Beukers, MWP Fellow (LAW), EUI Assessing the Legal Institutional Instruments to Exit the Crisis
Prof. Ramon Marimon, Director MWP, EUI The Great Confusion
12.00 Keynote speech by Prof. Tom Cooley, NYU Leonard N. Stern School of Business The European Crisis. Is there a Way Out?
Prof. Youssef Cassis, HEC and Robert Schuman Centre for Advanced Studies, EUI Comment
12.30 Open Discussion