logo-euiFlorence School of Banking & Finance

Deepening EMU after the pandemic and the role of the ESM

January 19, 2022 @ 9:30 am – 10:45 am Europe/Rome Timezone
Villa Schifanoia, Sala Europa / online

In the framework of the FBF seminar series ‘Finance in the Tuscan hills’ that focuses on financial sector issues and aims at bringing together interested researchers from across the EUI

Organisers: Florence School of Banking and Finance (FBF) and Tommaso Padoa-Schioppa (TPS)

Nicola Giammarioli

(European Stability Mechanism)


Deepening EMU after the pandemic and the role of the ESM

In the last two years, we have experienced the worst crisis in the EU history and Europe’s policy response to the pandemic was fast, powerful, and well-coordinated.  “NextGenerationEU” can support sustainable growth by accelerating economic structural change through the “green” and “digital” transformation. This contributes to economic convergence but is not enough. European integration would also need further initiatives to deepening our monetary union and strengthening European sovereignty. The seminar will discuss the review of the economic governance framework recently re-launched by the European Commission as an opportunity to make the European architecture more effective and robust, focusing on some proposals already on the table. In addition, it will be argued that it is fundamental to make progress in completing banking union and capital markets union. In this context, the ESM is contributing to this process by establishing the backstop to the Single Resolution Fund as well as by implementing the other elements of its mandate, as spelled out in the amended ESM Treaty, which is in its final stage of ratification.

To register* 

*Due to limited spaces for COVID restrictions, participation on site will be allowed on a first-come, first-served basis.

*The seminar can also be attended via Zoom.

Mr Giammarioli is available to meet individually EUI researchers and fellows after the seminar. Reserve your slot here.