How can Europe make progress with EMU and move towards a Fiscal Union?
Progress with EMU to date has left a bitter-sweet taste. While major advances have certainly been made (strengthening the European Central Bank’s role as a federal institution; achieving a return to growth, albeit muted; implementing a model of European banking supervision; agreeing on a Resolution Mechanism; and, above all, successfully navigating the Greek crisis), we have also seen unmitigated failures, such as persistent concerns over the mutualisation of bank debt, continuous delays with the proposed deposit guarantee scheme, plus endless debates on the merits of a fiscal union.
At this event Fernando Fernandez, Professor at IE Business School will present the joint Euro Yearbook 2015 by the Spanish Foundation for Financial Research and ICO Foundation. His presentation will focus on three topics: fiscal union, banking union and Euro Area governance. Following the presentation Guntram Wolff, Fernando Navarrete and additional panelists will discuss the topic of fiscal union.
MARCH 9, 2016, 12:30 PM BRUEGEL, RUE DE LA CHARITÉ 33, 1210 BRUSSELS