With the entry into force of the European Stability Mechanism (ESM), the Eurozone is finally equipped with a permanent rescue mechanism. However, many argue that the EFSF/ESM system, not being a proper transfer union, allows conditionality without any impact on the AAA countries' borrowing costs. Are Northern countries free-riding on the imposition of discipline, benefiting from negative interest rates, asset-stripping opportunities in peripheral countries, and draining talents from their universities? How to internalise the costs of discipline in order to take into consideration its long-term consequences for the economies of peripheral states?
a Citizen’s Controversy with
Ronald JANSSEN, Senior Economic Advisor, European Trade Union Confederation (ETUC)
and
Ognian HISHOW, Senior Associate, German Institute for International and Security Affairs (SWP)
The debate will be moderated by Pierre DEFRAIGNE, Executive Director of the Madariaga – College of Europe Foundation
On Thursday 7 February 2013, between 13:00 and 14:30 at the Madariaga – College of Europe Foundation Avenue de la Joyeuse Entrée 14, B-1040 Bruxelles (map)
The debate will be held in English.
To register, please send your name, title and the name of your organisation to info@madariaga.org or by fax to: +32 (0) 2 209 62 11.
For more information, do not hesitate to contact us on: +32 (0) 2 209 62 10.
Participation fee: €10 / Students: €3.Sandwiches and drinks will be provided from 12:30 onwards.
About the Citizen’s Controversies:
The Citizen’s Controversies strive to encourage citizen’s ownership of the European political debate, by contrasting two informed points of view on difficult topics at the heart of the European debate. Sitting in stark contrast with top-down official European discourses, the Citizen’s Controversies give precedence to the exchange of in-depth arguments, expressed outspokenly and beyond polemical confrontation, revealing challenges in concrete terms and leaving it up to the citizen to make up his or her own opinion.
The Citizen's Controversies are held under the Chatham House Rule. A report is then published after agreement with the speakers.
The reports of our Citizen’s Controversies are published on our website www.madariaga.org.