Last weeks’ Euro-summit ended in a pledge to accelerate work on deepening the Economic and Monetary Union – but is agreeing on a banking union and further developing the European Stability Mechanism enough to reform the fragile structure of the eurozone economy? Citizens have a generally positive perception of the euro as a common currency, but macro trends suggest that economic inequalities are increasing among them. And as member states don’t agree on structural reform, it is clear that the road ahead will be challenging.
We have invited Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs to share his insights on the future of the eurozone with us.
This event is a part of our ‘Conversation with’ series, which this year functions as a look-back at the past term of the Juncker Commission’s College of Commissioners. In a pre-election year the ‘Conversation with’ series will serve as an alternative and distinct approach to the evaluation of European Commissioners and to engage in a candid conversation about their mandate and importantly the work that is unfinished which should be a priority for the next term of the Commission, to work towards a Europe that still matters in 2030.
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A Conversation with EU Commissioner Pierre Moscovici
Proposals for fundamental reform of the eurozone has opened the question on what the future eurozone will look like. Current economic trends suggest that eurozone-citizens’ income inequalities will increase. Simultaneously the opposition from Eurosceptic governments against the regulations in place put additional pressure on the eurozone economies.
- What reform is necessary and what is politically possible for the future Eurozone?
- Can the design of the eurozone ensure greater economic sustainability?
- How should the eurozone be governed to ensure prosperity for its citizens?
- What happens without any reform?