logo-euiFlorence School of Banking & Finance

Online debate: Which (feasible) new Reconstruction Instrument(s) does Europe need?

May 20, 2020 @ 1:00 pm – 2:15 pm Europe/Rome Timezone
Jan Trevisan
+39 055 4685 802





To confront the COVID-19 crisis at the European level, the ECB has taken the lead with its Pandemic Emergency Purchase Programme (PEPP), to which other instruments have been added: EIB guarantees, the EC proposal for Support to mitigate Unemployment Risks in an Emergency (SURE) and, last week, the ESM’s new Precautionary Covid Line (PCL).
Nevertheless, there is widespread agreement – backed by the 17 April European Parliament resolution and 8 May Eurogroup statement – on the need to step-up the European response with a Recovery Fund and/or a well-structured Recovery Plan. The online seminar will focus on which are the most relevant European needs, and organisational forms, that a such plan should convey, in the light of the European Parliament initiatives and the – soon to be known – European Commission Recovery Plan.



Elena Carletti, Bocconi University and Florence School of Banking and Finance, European University Institute

Elena Carletti is Professor of Finance at Bocconi University. She is also at the Florence School of Banking and Finance at the European University Institute, is a member of Board of Directors of Unicredit SpA and a member of the Advisory Scientific Committee of the European Systemic Risk Board (ESRB). Furthermore, she is research professor at the Bundesbank, a member of the Expert Panel on banking supervision for the European Parliament, a member of the Scientific Committee “Paolo Baffi Lecture” at the Bank of Italy, a member of Bruegel Scientific Committee, Research Fellow at CEPR, Fellow of the Finance Theory Group, CESifo, IGIER, and Wharton Financial Institutions Center. She is the author of numerous articles on Financial Intermediation, Financial Crises and Regulation, Competition Policy, Corporate Governance and Sovereign Debt.




Marco Buti, Head of Cabinet of the European Commissioner for the Economy

Marco Buti is the Head of Cabinet of the Commissioner for the Economy, Paolo Gentiloni. He has been Director-General for Economic and Financial Affairs at the European Commission, after a 6-month period as acting Director-General. After studies at the Universities of Florence and Oxford, Mr Buti joined the European Commission in 1987. He held various posts as an economist in DG ECFIN and the Commissioner’s cabinet (private office) before taking up a post as an economic adviser to the Commission President in 2002-03. In 2003 he returned to DG ECFIN as Director for the Directorate for economies of the Member States, and in September 2006 was appointed Deputy Director-General. Mr Buti has been a visiting professor at the Université Libre de Bruxelles, the University of Florence and the European University Institute, and has published extensively on Economic and Monetary Union, macroeconomic policies, welfare state reforms, and European unemployment.


Luis Garicano, Member of the European Parliament and Professor of Economics and Innovation, IE Business School (on leave)

Luis Garicano is a Member of the European Parliament, where he is Vice-president of the Renew Group in charge of economics and of digitization. He is also VP of the Alliance of Liberals and Democrats for Europe. He has been a full professor of Economics and Strategy at LSE and The University of Chicago, and a visiting professor at, among others, MIT and LBS. He is currently on leave from IE Business School.




Ramon Marimon, Pierre Werner Chair, EUI

Prof. Marimon is a Professor in the Economics Department of the European University Institute and previously was the Director of the Max Weber Postdoctoral Programme. He is a member of the Expert Group on Knowledge and Growth of the European Commission, co-founder of Universitat Pompeu Fabra as Dean and Chair of Economics and Business (1990-1991), and was Secretary of State for Science and Technology in the Spanish Ministry of Science and Technology (2000-2002). Prof. Marimon is first director of the Centre de Recerca en Economia Internacional and of the Centre de Referència en Economia Analítica. President of the Spanish Economic Association, Research fellow of the NBER and the CEPR, member of the Council of the European Economic Association, and Chairman of the European Commission “High Level Panel for the mid-term evaluation of the effectiveness of the New Instruments of the Framework Programme Six” (2003-2004).


Jean Pisani-Ferry, Tommaso Padoa-Schioppa Chair, EUI

Jean Pisani-Ferry is a professor of economics with Sciences Po Paris and the Hertie School of Governance in Berlin, and he holds the Tommaso Padoa Schioppa chair of the European University Institute in Florence. In the first half of 2017, Pisani-Ferry contributed to Emmanuel Macron’s presidential bid as the Director of programme and ideas of his campaign. Beforehand, he served from 2013 to end-2016 as Commissioner-General of France Stratégie, the ideas lab of the French government. Prior to this appointment, he was from 2005 to 2013 the Founding Director of Bruegel, the Brussels-based economic think tank that he had contributed to create. Before creating Bruegel, he was Executive President of the French PM’s Council of Economic Analysis (2001-2002), Senior Economic Adviser to the French Minister of Finance (1997-2000), Director of CEPII, the French institute for international economics (1992-1997), and Economic Adviser with the European Commission (1989-92).



Technical disclaimer

The online seminar will take place on Zoom. Registered participants will receive the credentials to join the event at 10:00 AM (CET) on 20 May 2020.

You can access the seminars from personal computers, laptops, tablets and smartphones. To ensure an optimal experience in terms of connection speed and video quality, we suggest to attend the seminar via a device connected to a stable network connection, avoiding if possible shared wi-fi or mobile connections.