European economic policymakers are at a crossroad. A moderate economic recovery has provided comfort to markets, but increasingly is overshadowed by rising populist politics and persistent structural problems such as slow productivity growth. The Greece debt crisis has returned to the headlines and presents a renewed threat to the future of the eurozone, and banking problems across the periphery of Europe provide an ongoing challenge to European crisis response framework. What lessons have we learned from the economic crises in Europe over the past several years, and does Europe have the institutions and the political capacity to respond to the next shock? Without addressing such risks and problems, Europe remains vulnerable to shocks and cannot truly gain growth momentum.
The panel will host Miranda Xafa, senior fellow at the Centre for International Governance Innovation and Randall Henning, professor at American University’s School of International Service. They will review lessons from the past eurozone debt crisis, and provide their perspectives of the future challenges of European integration and crisis resolution involving actors including the International Monetary Fund. Please join us in this timely discussion.
Miranda Xafa is a CIGI senior fellow. She is also chief executive officer of EF Consulting, an Athens-based advisory firm focusing on euro-zone economic and financial issues. At CIGI, Miranda focuses on sovereign debt crises and drawing lessons from the Greek debt restructuring for future debt crises. From 2004 to 2009, she served as a member of the executive board of the IMF in Washington, DC.