Towards a Decentralised Eurozone
A decade after the crisis that came close to destroying it, the Eurozone remains fragile. Fiscal indiscipline, a key cause of the crisis, remains a relevant issue. Progress has been made to make the banking system safer, but much more work is required to contain risk. Eurozone governance remains weak. Politically, the supervision of member states adherence to fiscal rules by the European Commission is becoming increasingly divisive.
As part of our research in this area, the Martens Centre commissioned Professor Charles Wyplosz Graduate Institute, Geneva and Juan Castaneda (University of Buckingham) to propose a way forward for developing a decentralised Eurozone. A monetary union that should be both economically robust and politically achievable. An additional workshop will consider the specific issue of dealing with existing public debt levels, an issue with obvious political implications in terms of the future development of the Eurozone.
This is a closed high-level workshop, access to the event is by invitation only.