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Towards a More Resilient Euro Area
TOWARDS A MORE RESILIENT EURO AREA IDEAS FROM THE ‘FUTURE EUROPE’ FORUM EDITED BY JOCHEN ANDRITZKY AND JÖRG ROCHOLL TOWARDS A MORE RESILIENT EURO AREA IDEAS FROM THE ‘FUTURE EUROPE’ FORUM EDITED BY JOCHEN ANDRITZKY AND JÖRG ROCHOLL CENTRE FOR EUROPEAN POLICY STUDIES (CEPS) BRUSSELS ESMT BERLIN GERMAN COUNCIL OF ECONOMIC EXPERTS (GCEE) WIESBADEN The Centre for European Policy Studies (CEPS) is an independent policy research institute in Brussels. Its mission is to produce sound policy research leading to constructive solutions to the challenges facing Europe. ESMT Berlin is an international business school and provides an interdisciplinary platform for discourse between politics, business, and academia. The German Council of Economic Experts (GCEE) is an academic body advising German policy makers on questions of economic policy. The views expressed in this publication are those of the author(s) of the essays and comments and should not be attributed to CEPS, ESMT or the GCEE. Details of the authors and ‘Future Europe’ forum participants contributing to this collection can be found in the final chapter. The editors would like to thank in particular Martha Ihlbrock from ESMT for her diligent support in facilitating the forum. Cover illustration Shutterstock/Leifstiller. ISBN 978-94-6138-690-8 © Copyright 2018, CEPS, ESMT and GCEE All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means – electronic, mechanical, photocopying, recording or otherwise – without the prior permission of the CEPS, ESMT and GCEE. Centre for European Policy Studies Place du Congrès 1, B-1000 Brussels Tel: (32.2) 229.39.11 E-mail: [email protected] Internet: www.ceps.eu Contents Forewords ......................................................................................................................................... -
Europe Policy Group New Concept for Europe Initiative
Europe Policy Group New Concept for Europe Initiative Peter Bartsch Director Sustainability Lenzing Austria Peter Launsky- Director General, Department Federal Ministry for Europe, Austria Tieffenthal for Development Cooperation Integration and Foreign Affairs of Austria Ulrike Guérot Professor and Director, Danube University Krems Austria Department for European Policy and the Study of Democracy Alberto Alemanno Founder The Good Lobby Belgium Alexander De Deputy Prime Minister and Ministry of Foreign Affairs, Foreign Belgium Croo Minister of Development Trade and Development Cooperation, the Digital Cooperation of Belgium Agenda, Telecommunications and Postal Services Brian Ager Secretary General European Round Table of Belgium Industrialists (ERT) Conny Reuter Secretary-General Solidar Belgium Daniel Gros Director Centre for European Policy Studies Belgium (CEPS) Jean-Marie President and Chief International Crisis Group (ICG) Belgium Guéhenno Executive Officer Jeroen President of the Euro Group European Council Belgium Dijsselbloem Jon Worth Visiting Lecturer College of Europe Belgium Luca Visentini General Secretary European Trade Union Belgium Confederation (ETUC) Maria Fernanda Vice President Legal and Anheuser-Busch InBev Belgium Rocha Barros Corporate Affairs Europe Marietje Schaake Member of the European European Parliament Belgium Parliament Mariya Gabriel Commissioner, Digital European Commission Belgium Economy and Society Stefanie Babst Chief Strategic Policy Analyst North Atlantic Treaty Organization Belgium to the Secretary-General and (NATO) Chairman of the Military Committee Stephan Singer Senior Advisor on Renewable Climate Action Network Belgium Energy Lilyana Pavlova Minister of Bulgaria’s EU Council of Ministers of the Republic Bulgaria Council Presidency of Bulgaria Harris Minister of Finance Ministry of Finance of Cyprus Cyprus © 2017 World Economic Forum. All rights reserved. -
WS Galaxies EU Budget 17012017.Pdf
WORKSHOP POLICY DEPARTMENT D BUDGETARY AFFAIRS THE GALAXY OF FUNDS AND INSTRUMENTS AROUND THE EU BUDGET DATE 25 January 2017 TIME 15:00-18:30 ROOM JÓZSEF ANTALL BUILDING 6Q2 Committee on Budgets CHAIR: Jean ARTHUIS ... RAPPORTEUR: José Manuel FERNANDES L004735 To subscribe send an email to [email protected] The Galaxy of Funds and Instruments around the EU Budget ________________________________________________________________________________________ TABLE OF CONTENTS WORKSHOP PROGRAMME 5 BIOGRAPHIES OF SPEAKERS 11 PRESENTATIONS 19 Presentation by Dr. Giacomo Benedetto 20 Presentation by Sebastian Paulo and Elsa Perreau, Blomeyer & Sanz 27 Policy Department D: Budgetary Affairs __________________________________________________________________________________________ WORKSHOP PROGRAMME 5 WORKSHOP ON THE GALAXY OF FUNDS AND INSTRUMENTS AROUND THE EU BUDGET Organised by the Policy Department D on Budgetary Affairs for the Committee on Budgets Chair: Mr Jean Arthuis Rapporteur: MEP José Manuel Fernandes Wednesday, 25 January 2017, 15:00 - 18:30 European Parliament, Brussels József Antall Building, Room JAN 6Q2 6 PROGRAMME 15:00 - 15:05 Welcome and introduction 15:00 - 15:05 Mr Jean Arthuis MEP Chair of the Committee on Budgets 15:05 -16:05 Part I: How the EU budget has developed and changed in the past 10 years Key note Speaker: Dr. Giacomo Benedetto, Senior Lecturer in Politics, Department of Politics and International Relations, European Studies Centre, Royal Holloway University of London The evolution of budgetary powers over the last ten years, in theory and practice, The structure of the budget (own resources, MFF, commitments and payments, annual budget, division of expenditure), The changes of the Lisbon Treaty, The effect of the Euro crisis on the EU budget, The effect of the EFSF, EFSM, and ESM on the budget. -
CLOSING the FUNDING GAP: Competition at the Heart Of
CLOSING THE FUNDING GAP: Competition at the heart of the single market 2013 Annual Conference Brussels 17 October · National Bank of Belgium Jointly organised by the European Capital Markets Institute with C a r e f i n - Università Bocconi and the Bel gian Financial Forum AGENDA 08:15-08:45 Registration and coffee 08:55-09:00 Welcoming remarks by Fabrice Demarigny, ECMI Vice Chairman / Karel Lannoo, ECMI General Manager 09:00-11:00 Competition among member states Balancing competitiveness and federalism in the Eurozone · Macro-economic outlook and the status of competitiveness in the Eurozone · Is the European institutional framework able to cope with the integration needed in the Euro area? · How can Europe best balance competitiveness at national level with a more federal institutional architecture? Keynote speech Thomas Westphal, Director-General for European Affairs, Federal Ministry of Finance, Federal Republic of Germany Keynote presentation Andrea Beltratti, Full Professor of Finance, Università Bocconi, and Chairman of the Board, Eurizon Capital Panel discussion Marco Buti, Director-General for Economic and Financial Affairs, European Commission Lúcio Vinhas de Souza, Managing Director and Sovereign Chief Economist, Moody's Investors Service José Manuel Campa, Professor of Financial Management and International Economics, IESE Business School, and former Secretary of State for the Economy, Kingdom of Spain Danuta Hübner, Member of the European Parliament (EPP), and former Commissioner for Regional Policy, European Commission Daniel Gros, Research Director and Senior Research Fellow, Centre for European Policy Studies Moderated by Freddy van den Spiegel, Economic Advisor, BNP Paribas Fortis 11:00-11:30 Coffee break 11:30-13:30 Competition among financial markets operators Making pan-European capital markets thrive · Network effects and financial market infrastructure (e.g. -
The Eurozone Crisis a Consensus View of the Causes and a Few Possible Remedies
The Eurozone crisis emerged five years ago and is a long way from finished. Growth is miserable Crisis: A Consensus View of the Causes and a Few Possible Solutions The Eurozone and unemployment – especially among the young – is unconscientiously high and expected to stay The Eurozone Crisis that way for years. As a first step to finding a consensus on how to fix the Eurozone, a couple of dozen world-renown A Consensus View of the Causes economists were asked a simple question: “What caused the Eurozone Crisis?” Although they hark from a wide range of perspectives, a remarkably consistent answer emerges. and a Few Possible Solutions • Excessive, cross-border foreign lending and borrowing among EZ members in the pre-crisis years – much of which ended up in non-trade sectors – was why Greece’s deficit deceit in 2009 could trigger such a massive crisis. At its core, this as a classic ‘sudden stop’ crisis – not a public debt crisis. Edited by Richard Baldwin and Francesco Giavazzi Some of the intra-EZ lending and borrowing in the 2000s went to private borrowers (especially in Ireland and Spain) and some to public borrowers (especially in Greece and Portugal). When trust evaporated in 2010 and 2011, most of it ended up in government hands. As EZ governments cannot devalue or force their central bank to finance public debt, euro members who relied heavily on foreign lending had to be bailed out. The ultimate causes of the EZ crisis were thus: • Policy failures that allowed the imbalances to get so large; • Lack of institutions to absorb shocks at the EZ level; and • Crisis mismanagement.