This session is to identify key internal and external issues facing Europe in its quest for economic growth. Are there flaws in the very structure of the EU and/or Eurozone? Is there a need for a fiscal union and what does it imply for political union and competence allocation between the EU and member states? What are the implications for EU governance of some countries not intending to join the euro area and some regions wanting autonomy or independence? Which policies have been most deleterious and which ones most helpful for growth? What has been the role of external factors? Is there a new role for the state? Should there be a new openness to industrial policy? A change in ECB mandate? A European wide SME loan fund? A banking union? Does the structure of Europe inhibit the ability to engage in redistributive taxation, leading to more inequality, and hence lower growth? Should Europe introduce the Drèze-Durré mutual insurance of idiosyncratic macroeconomic risks among EMU countries and transfer to EMU the responsibility for demand stimulation through public and private investment and the provision of unemployment insurance at the EU level?
Leszek Balcerowicz, Professor of Economics and Head of the Department of International Comparative Studies at the Warsaw School of Economics
George A. Papandreou, Former Prime Minister of Greece, Member of the Hellenic Parliament, and President of Socialist International
André Sapir, University Professor at the Université libre de Bruxelles (ULB), Senior Fellow of Bruegel, and Research Fellow of the Centre for Economic Policy Research (CEPR)