Pierre Werner Chair Programme

Chair holder:  Ramon Marimon



Lessons from Financial Assistance to Greece

EUI Pierre Werner Chair & European Stability Mechanism webinar

Date: 2 December 2020



  • Joaquín Almunia (Independent Evaluator)
  • Ramon Marimon (Pierre Werner Chair and Professor of Economics, EUI)
  • Giancarlo Corsetti (Professor of Macroeconomics, University of Cambridge)
  • George Papaconstantinou (Professor of International Political Economy, STG, EUI)
  • Alexander Stubb (Director of the School of Transnational Governance, EUI)
  • Gertrude Tumpel-Gugerell (First High-level Independent Evaluator of the ESM)



Article on El País: 'The design of the Monetary and Economic Union turns 50' (El diseño de la Unión Monetaria y Económica)

Published on El País on 8 October 2020.

Authors: Joaquín Almunia (former Vice President of the European Commission and Honorary President of the Barcelona Graduate School of Economics) and Ramon Marimon is Pierre Werner Chair and professor of Economics at the European University Institute (Florence) and at the Pompeu Fabra University (Barcelona).\

> Full article (in Spanish)

> English translation



The Robert Schuman Centre hosts the Pierre Werner Chair Programme on Monetary Union, named in memory of Pierre Werner, one of the architects of economic and monetary union, and generously funded by the Luxembourg Government.

Economic and monetary union will make it possible to realize an area within which goods and services, people and capital will circulate freely and without competitive distortions, without thereby giving rise to structural or regional disequilibrium

 Werner Report, 1970.

Almost fifty years later, the successful development of the European Union and the EMU has vindicated – and, in most dimensions, gone beyond – the farsighted vision of Pierre Werner. But the EU experience – in particular, the euro crisis – has also shown how difficult it is to eliminate ‘structural or regional disequilibrium’ or to eliminate ‘competitive distortions’ while fostering growth, macroeconomic stability and maintaining or developing the European Welfare state(s).

Fortunately, these and related challenges nourish new research in macroeconomic theory, policy and institutional design, which provides a theoretical and empirical basis to the EMU policy debate and the further development of its architecture. To contribute to this research defines the agenda of the Pierre Werner Chair and its activities.



  • Economic governance in the European Union
  • Enlargement of the European Union and the adaptations implied both for the arrangements for economic and monetary union and for the future member states
  • The economic and political requirements and consequences of a revised Stability and Growth Pact
  • Public finance issues in the context of EMU
  • The growth and development of European financial institutions
  • The regulation and operations of financial markets in the European Union
  • The design of monetary stabilization policies, goals and instruments - with a comparative analysis of the experience of the European Central Bank, the US Federal Reserve system
  • The economic and institutional consequences of the Euro in the world monetary system.


Latest events

A Growth Model of the Data Economy

EUI Economics and Pierre Werner Chair Lecture

Date: Thursday 15 October 2020

Presented by Professor Laura Veldkamp, Columbia Business School.


A Dynamic Economic and Monetary Union Workshop

Workshop sponsored by the Pierre Werner Chair of the European University Institute, the European Stability Mechanism and the University of Luxembourg

Dates: 8 – 9 October 2020

Venues: Luxembourg (European Stability Mechanism and University of Luxembourg)

The ADEMU 2020 workshop will be part of Luxembourg’s celebrations of the 50th anniversary of the Werner Report and the 10th/8th anniversary of the EFSF/ESM. The workshop, originally planned to take place within the Barcelona GSE Summer Forum 2020, is sponsored by the Pierre Werner Chair of the European University Institute, the European Stability Mechanism and the University of Luxembourg. 

 > Full programme and papers

 > Watch the presentations


Associated activities


Horizon 2020 project ADEMU (A Dynamic Economic and Monetary Union), from June 2015 to May 2018. Coordinated by Professor Ramon Marimon.

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Chair Holder

Marimon7 Ramon Marimon


Francesca Elia

Email: [email protected]

Tel. [+39] 055 4685 739

Page last updated on 16 December 2020