ESMT Open Lecture with Nicolas Véron

"Challenges for the European Union in 2017"

Nicolas Véron: "Challenges for the European Union in 2017"

  • Speaker: Nicolas Véron, senior fellow at Bruegel, Brussels, and visiting fellow at Peterson Institute for International Economics, Washington, DC,USA
  • Moderator: Michał Grajek, Associate Professor of Economics, ESMT Berlin

The European Union has reached its tenth year of a cycle of financial and economic turmoil that started in mid-2007. In this Open Lecture, based on the observation of recent developments including those related to the Italian banking sector and Brexit in 2016, Nicolas Véron will argue that a new policy cycle is likely to start this year. This new cycle will allow for less emphasis on emergency crisis management and more on the build-up of a sustainable framework to bring the European economy back to normal functioning. While stopping short of currently unrealistic visions of fiscal and political union and EU treaty change, this framing implies significant further changes in the areas of banking, capital markets, fiscal accountability, and structural economic policies.

About Nicolas Véron
Nicolas Véron cofounded Bruegel in 2002-05, joined the Peterson Institute for International Economics in 2009, and is currently employed on equal terms by both organizations. His research is primarily about financial systems and financial services policy, on which he has published widely since 2002. He has been a witness at numerous parliamentary hearings in the US Senate, European Parliament, and in several European member states; a financial policy expert for the European Commission and Court of Auditors; and a consultant to the International Monetary Fund and World Bank. He is also an independent board member of the global derivatives trade repository arm of DTCC, a financial infrastructure company that operates on a non-profit basis. A graduate of France’s Ecole Polytechnique and Ecole des Mines, his earlier experience includes senior positions in the French government and private sector in the 1990s and early 2000s. In September 2012, Bloomberg Markets included Véron in its yearly global “50 Most Influential” list, with reference to his early advocacy of European banking union.