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2024-01-29 14:00
2024-01-29 16:00
Europe/Rome
Macroeconomic governance and monetary union
Egmont Institute and Online Rue des Petits Carmes, 24A, 1000 Bruxelles and Zoom
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In the framework of the incoming Belgian Presidency of the European Council and the adoption of the next EU Strategic Agenda, the Egmont Institute and the European University Institute (EUI) are pleased to invite you to the third and final workshop of their joint series on Policy Ideas for the Next Institutional Cycle.
The challenge for European macroeconomic governance is to build a framework for policy coordination that is compatible with the smooth functioning of the monetary union. This challenge was apparent during the global economic and financial crisis, when the European Central Bank often appeared to be the ‘only game in town’. It is equally obvious in the aftermath of the pandemic and the Russian full-scale invasion of Ukraine, as Member State governments struggle to support households and firms, the European Commission promotes projects of common European interest, and the ECB’s Governing Council works to contain inflation. The next Commission and the next Parliament will need to strike a careful balance between the need for flexibility at the national level, solidarity at the European level, and price stability across the monetary union.