Panel Discussion with Erik Nielsen, Global Chief Economist of UniCredit
Prof. Marcel Fratzscher, Ph.D., President and CEO of DIW Berlin and Professor of Macroeconomics and Finance at Humboldt-University Berlin
Prof. Mark Hallerberg, Ph.D., Professor for Public Management & Political Economy at Hertie School of Governance
Prof. Jörg Rocholl, Ph.D., President of European School of Management and Technology (ESMT)
Moderation: Stefan Wagstyl, Chief Germany Correspondent at Financial Times
Only strong economic growth will help Europe emerge from its crisis. The reforms implemented to date at national and European level have failed to impact the economy positively; this is due to excessive national, corporate, and private debts, weakness of the banking system, the lack of structural reforms, an insufficient institutional framework at European level, as well as a persisting climate of distrust in the stability of economic development. Europe’s biggest economic weaknesses is a lack of private investment. A European investment agenda is vital in order to generate the impetus required to push the European economy towards a sustainable recovery.
Erik F. Nielsen is Global Chief Economist and Head of Economics & Fixed Income/Currency, Commodity and Asset Allocation Research at Unicredit Bank. In this role Erik is responsible for forming and communicating the overall macroeconomic and policy views of UniCredit Group. Prior to joining UniCredit in September 2011, Erik worked for more than 15 years as an economist at Goldman Sachs in New York and London; and spent ten years in Washington DC as an economist for the IMF and World Bank in various capacities. Before leaving for the US, Erik worked at the Danish Central Bank and taught for two years at the Copenhagen Business School.