Europe at a Crossroads - How to improve Economic Governance and Growth Performance of the Eurozone?

The structures of the European project have been helping the continent overcome many effects of the current crisis. Nevertheless, these shocks have also pointed to shortcomings in its construction, and eurozone economic governance is still lagging behind in coordination of fiscal and structural policies and in terms of risk sharing. Such reforms are imperative to lessen the burden on monetary policy, to fully exploit the benefits of EMU, and finally to enhance the broad macroeconomic performances of the Eurozone in the long run.

Presentation by 
François Villeroy de Galhau, Governor of the Banque de France

Moderator
Marcel Fratzscher, President of the German Institute for Economic Research