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Ensuring EU growth and financial stability with over public indebtedness

Day 3 Morning

Friday 25 February

Room :

NORMANDIE (-1 floor)


Sylvie Goulard
Second Deputy Governor - Banque de France
Public Authorities
Claudia M. Buch
Vice-President, Chair of the Working Group on Financial Stability Implications of Covid-19 Measures, - Deutsche Bundesbank
Lucio Pench
Director for Macroeconomic Policies - DG for Economic and Financial Affairs, European Commission
Edward Scicluna
Governor and Member of the Governing Council of the ECB - Central Bank of Malta
Industry Representatives
Sarah Carlson
Senior Vice President Sovereign Group - Moody's Investors Service
Pier Carlo Padoan
Chairman of the Board of Directors - UniCredit S.p.A. (HQ)
Other stakeholder & expert
Jacques de Larosière
Former President - EUROFI

Objectives of the roundtable

The session will discuss the impacts of the massive and continuous use of non-conventional ECB instruments since 2015, the over indebtedness and the resurgence of inflation on EU growth as well as the financial vulnerabilities created by lasting very low interest rates.

Then the session will focus on the main monetary and fiscal priorities for achieving sustainable growth in such a European context.

Points of discussion

  1. What are the impacts of lasting negative interest rates, the resurgence of inflation and over indebtedness on growth and financial stability?
  2. What are the monetary, fiscal and economic priorities for achieving sustainable growth in the European Union in the context of the over-indebtedness of most Member States and a resurgence of inflation?