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Second RAstaNEWS Conference

13-03-2015



On March 13th, 2015, ISPI hosted the Second RAstaNEWS Conference.

The Conference “Eurozone in the Doldrums: Escaping the Fate of Recurring Crises” (watch the first and second part) was opened by Patrizio Tirelli (University of Milan-Bicocca), coordinator of the RAstaNEWS consortium, and chaired by Ferdinando Giugliano (Financial Times).

Distinguished speakers included:

- Pier Carlo Padoan, Italian Minister of Economy and Finances;

-Marco Buti, Director-General, DG ECFIN, European Commission;

-Paul De Grauwe, Professor, London School of Economics;

-Ester Faia, Professor, Goethe University Frankfurt;

-Michael Spence, Nobel Laureate in Economic Sciences.

 

Concept of the Conference: The never-ending Greek crisis and modest economic prospects highlight the ongoing fragility of the Eurozone despite the austerity efforts of the last years. In this context, can the recent measures presented by Mr. Juncker and the ECB boost growth? Is a quantum leap towards expansionary economic policies –both in Brussels and member states – a viable option? To what extent does the recent Greek elections signal a growing euroscepticism across the EU?

 

Before the Conference:

- Minister Padoan told us that he was optimistic about the recent measures adopted by the ECB and President Juncker;

- Patrizio Tirelli sided in favor of expansive macroeconomic policies, but stressed that more is needed on the fiscal side of the policy spectrum;

- Paul De Grauwe called for a political Europe, stating that only a federal, united Europe can credibly support the economic recovery and undertake those solidarity measures that are much needed today;

- Marco Buti underlined the positive work done by the European Commission in order to give enough policy space on the fiscal side to stressed countries, and praised the Commission's work on new investment initiatives such as the European Infrastructure Investment Plan;

- Michael Spence praised the newfound European unity that allowed the European Commission to sketch out its own strategy, but stressed that this new course should mark a strategic shift in favour of fostering investment.




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