It is a fact that the crisis has not yet been overcome, that unemployment continues, that growth is still weak, that poverty does not recede, that nationalist attitudes spread out as well as protectionist temptations, that cleavages multiply, in particular with regard to the migration issue, and this in the context of the Brexit. In the meantime, whether this is welcome or not, ongoing globalisation reminds us that the centre of gravity shifts toward Asia, in the economic field (China and India are supposed to become the leading economies in the world), in terms of demography (both countries will represent more than 40% of the world’s population). Other countries emerge, too, and Africa is the next region which will experience a tremendous economic and demographic growth – Europe and the €-Zone in particular can simply not ignore these profound changes. There must be a serious quest for solutions, which ensure a more prosperous European future, marked by more solidarity, and opposed to any closure of borders or minds. The current growth rate is not sufficient neither to solve the macroeconomic problems, nor the migration crisis. Rethink the governance of the €-Zone is urgently needed, on the basis of the existing treaties, analysing what works well and what is blocking, in order to find solutions, which are more favourable for more people. In the economic field, it is possible to accompany the common monetary policy of the €-Zone by a more decisive budgetary discipline, a banking union, the creation of a budget for the €-Zone, a common mechanism to cope with public debts, an enhanced convergence.
21 Sep 2017 @ 09:30 am
22 Sep 2017 @ 01:00 pm
Duration: 1 days, 3 hours
Institut d'études européennes
Avenue Franklin Roosevelt 39
1000 Brussel
Belgium
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