A Bridge Forum Dialogue
Economic and Monetary Union (EMU) marked a major step in the European integration history. Inspired by the Werner Report (1970) and the ideas of Robert Triffin, based on the Delors Report (1989) and following the design laid out in the Maastricht Treaty (1992), EMU implies the coordination of economic and fiscal policies, a common monetary policy, and the euro as a single currency, which is shared by 20 EU Member State (the euro area). The euro ranks second in the international monetary system, behind the US dollar. However, EMU remains incomplete. The financial crisis (2008) has reopened the debate on the asymmetrical nature of EMU and the prudential supervision in the EU, and the Larosière Report (2009) set out guidelines for improving the European regulatory architecture and prudential framework, including the creation of the European Financial Stability (EFS) (2010) and European Stability Mechanism (ESM) (2012) which mission is to safeguard financial stability in Europe by providing financial assistance to countries of the euro area. The two institutions, led since December 2022 by Pierre Gramegna, have a different governance structure but share the same staff and offices located in Luxembourg.
At this Bridge Forum Dialogue Conference, Jacques de Larosière and Pierre Gramegna will share their insights on the major challenges and issues facing EMU and will explore new path of action for the future in the light of reforms adopted since the euro area crisis. The keynote speakers will interact with the audience during a Q&A session moderated by Bernard Snoy (President of Robert Triffin International).
On this same occasion will be presented the book ‘Robert Triffin: A Life’ co-authored by Ivo Maes and Ilaria Pasotti.
Keynote speakers
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Jacques de Larosière
Former Governor of the Banque de France
Former Managing Director of the International Monetary Fund (IMF) -
Pierre Gramegna
Managing Director of the European Stability Mechanism (ESM)
Presentation of the book “Robert Triffin: A Life” by authors
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Ivo Maes
Professor and Robert Triffin Chair at UC Louvain
Former Former Senior Adviser at the National Bank of Belgium -
Ilaria Pasotti
Consultant at Intesa Sanpaolo Group Historical Archives
Speakers
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Prof. Catherine Léglu
Vice-Rector for Academic Affairs
University of Luxembourg -
Bernard Snoy
Chairman of Robert Triffin International
Honorary Chairman of the European League for Economic Cooperation (ELEC)
Former Executive Director of the World Bank -
Dr Elena Danescu
Research Scientist at the Luxembourg Centre for Contemporary and Digital History (C²DH)
Coordinator of Europe Direct at the University of Luxembourg