Presentation and discussion
Deepening European integration – will it prevent future crises?
In its coalition contract, Germany’s new government has put an emphasis on European integration. Similarly, French President Emmanuel Macron hopes to deepen the ties with European partners. New challenges are forcing Europe to stand closer together and defend its interests if it wants to play a role at the international scene. Improved economic resilience and a higher growth potential will be crucial questions for the EU and especially for the eurozone. Work on the banking and capital market union is ongoing. A discussion on the right policies in currently good times, on how to develop the European stability mechanism further and whether reforms and stabilization should be financially supported in the eurozone have been put on the leaders’ agenda. In June, Europe’s leaders want to agree on a first set of reforms. But there are different approaches between the member states on how to come to a stronger and more resilient Europe. Fears run deep in Germany that the economically most powerful country in Europe will become the paymaster. What reforms are economically sensible? What could be a Franco-German contribution to the debate?
Tuesday, April 17, 2018, 12:30 p.m.
"Deepening European integration – will it prevent future crises?"
Dr. Jochen Andritzky, Secretary General, German Council of Economic Experts
Thomas Westphal, Director General for European Policy, German Ministry of Finance
Jörg Rocholl, President, Professor of Finance, and EY Chair in Governance and Compliance, ESMT Berlin
About the speakers
Jochen Andritzky is Secretary General of the German Council of Economic Experts since June 2015. Before joining the Council, he served at the International Monetary Fund (IMF) in Washington DC for nine years where he worked on the euro area crisis, among other topics.
From 2008 to 2010 he was seconded as adviser to the National Bank of Ukraine in Kiev. Dr. Andritzky obtained degrees in economics and politics from the University of St. Gallen, Switzerland. Following a visiting scholarship at the University of California UCSC, he completed his dissertation on debt crises at the University of St. Gallen in 2006.
Thomas Westphal was born in Hamburg. He is a trained banker and holds a degree in economics. He started his career in Paris at Paribas and at the economic research institute REXECODE. He joined the German Federal Ministry of Economics in 1992 as a desk officer for competition policy. From 1995 to 1998 he worked for the European Commission’s DG MARKT as a national expert. In 1999, he moved to the Federal Ministry of Finance in Berlin to hold various positions preparing the Eurogroup and the Ecofin. From 2005 to 2009, Thomas Westphal worked at the German Permanent Representation to the EU as head of the finance department where he contributed to the German Council presidency in 2007.
He returned to the Ministry of Finance as director for European Monetary Union in 2009. Since then he is closely involved in resolving the European debt crisis, including the establishment of the first help program for Greece, the building-up of the EFSF, the EFSM and the ESM. Since 2012 Thomas Westphal is Director General for European Affairs in the Federal Ministry of Finance.