Abstract

Lunch debate: Towards a progressive EMU fiscal governance
Date
Location
European Economic and Social Committee, JDE (Jacques Delors) building - EESC headquarters: Rue Belliard/Belliardstraat 99-101, 1040 Brussels, Room JDE 2252 (2nd floor); 13h-14h30

Speakers: Georg Feigl, senior economists AK Wien and co-coordinator of the TUREC network, and Catherine Mathieu, senior economists OFCE

Comments: Liina Carr, ETUC Confederal Secretary

Moderator: Philippe Pochet, General Director ETUI

Briefing: The fiscal governance of the EMU is in dire need for reform. Its current arrangements suffer from several shortcomings.
At the occasion of this lunch debate a new collaborative paper written by economists belonging to trade union related research institutes will be presented and discussed. It contributes to the ongoing debate on how to reform the Eurozone by proposing some general principles for fiscal governance reform aiming at a better economic, social and environmental performance on the part of EMU. The authors start from the view that the crises in the euro zone were basically triggered by financial markets and reinforced by a lack of instruments for effective economic policy at the EMU level. As the main principles for progressive governance they identify a need for a much more active and prominent role for fiscal policy, ‘safer’ government bonds, more and better coordination between fiscal and other economic, social and environmental policies, as well as between member states, and more democratic participation and scrutiny.

Please register before 16/12 here. For security reasons you will be requested to present your ID or passport at the entrance of the building. Please note the places in the room are limited.