Jan Kregel ‘Six Lessons from the Euro Crisis for Completing the European Project’

The creation of the European Union has proceeded in stages, interrupted by external and internal events. Each setback has led to a change in the approach adopted by the Member States. The interruption caused by the current crisis is no exception. But, it may represent a crucial turning point if the lessons of the crisis are not interpreted appropriately.  In particular the current crisis provides lessons about the difficulties involved in dealing with economic imbalances, whether at the regional or the global level.  The experience of the Eurozone in providing asymmetric regional convergence of economies with different backgrounds and performance thus has implications not only for international reform proposals, but also for the kind of International Financial System that would provide support for developing countries.

Jan Kregel is the senior scholar at the Levy Economics Institute of Bard College and director of its Monetary Policy and Financial Structure program. He also holds the position of professor of development finance at Tallinn University of Technology and Distinguished Research Professor, University of Missouri, Kansas City. He is co-editor of the Journal of Post Keynesian Economics. In 2009, Kregel served as Rapporteur of the President of the UN General Assembly’s Commission on Reform of the International Financial System. He previously directed the Policy Analysis and Development Branch of the UN Financing for Development Office and was deputy secretary of the UN Committee of Experts on International Cooperation in Tax Matters. 

Logistical details: Date: February 14 February 2012/ Location: Aula, ISS, Kortenaerkade 12, The Hague / Time: 17:00-19:00 (drinks at 19:00) / Language: English / Admission: Free / Please register through registration@sidnl.org / Website: http://www.sid-nl.org