European Recovery in Longer-Term Perspective
Unedited rush transcript [pdf]
The Peterson Institute and the Centre for International Governance Innovation (CIGI) cohosted a panel discussion on the euro area's recovery efforts on October 9, 2013. Participants included Harold James, Princeton University and CIGI; Nicolas Véron and Jacob Funk Kirkegaard, Peterson Institute; Ardo Hansson, governor of the Bank of Estonia; and Domenico Lombardi, CIGI.
Economic historian Harold James presented his new research on the historical precedents for Europe rebounding from its crisis. Nicolas Véron addressed the long-term future of the banking system and what is realistically achievable in the plans for banking union. Ardo Hansson addressed why Estonia and other small liberal EU member economies still find the euro and the Economic and Monetary Union (EMU) attractive to them over the long term. Jacob Funk Kirkegaard and Domenico Lombardi provided critical discussion of these provocative assessments of the euro area's future.
Policy Brief 13-17: A Realistic Bridge Towards European Banking Union [pdf]