This workshop’s purpose is to inspire reflection on the long-term future of Economic and Monetary Union (EMU). Starting from current crisis-related challenges, the workshop focuses on four areas in which reforms might increase the resilience of EMU architecture and the prosperity of the euro area. The workshop intends to give an overview of the current state of economic research and the policy debate, with an emphasis on creative proposals aimed at overcoming existing deadlocks. The specific areas covered are in line with the “Four Presidents’ Report – Towards a Genuine Economic and Monetary Union” of June 2012: Banking Union and Capital Market Union, Fiscal Union and Area-Wide Taxation Issues, Economic Union and the Social Dimension of EMU as well as Political Union and Legitimacy of EMU. Senior Fellow Miranda Xafa will attend on behalf of CIGI.
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.