Quelling German excess saving, Making Europe competitive
By David Marsh in London
Europe’s expectations of economic and monetary union have gone into reverse. Two decades ago, member states hoped the euro would hand them back their economic and political destiny, making them more self-reliant, less vulnerable to external crises, less dependent on foreigners. In fact, since the 2008 financial crisis, the opposite turns out to be true. Quelling German excessive saving is the key to a better EMU future. Easier said than done. Almost certainly, more quantitative easing from the European Central Bank is not the answer.
Read the full commentary on the website.
Meeting: Making Europe competitive – Meeting the capital needs for Europe’s firms in the 21st century
Tuesday 3 December, Paris, 18:30-21:30 CET
This roundtable in Paris will address how capital market liquidity can be deepened in Europe, the role the UK could continue to take after Brexit, and how regulation and supervision can be better aligned.
Key speakers include Robert Ophèle, chair of France’s stock market regulator, and Edward Llewellyn, the British ambassador to France.
Request to attend the meeting.