Speakers
Objectives
Recent announcements of trade policy measures are likely to affect the economic outlook if they remain in effect. At the same time, European countries are exploring significant enhancements to their defence systems, aiming to foster greater autonomy in their military operations and ensure lasting security and peace across the continent.This exchange of views will first focus on the consequences of the expected impact of tariff increases on inflation and growth in Europe. It will then analyse to what extent and under what conditions the Savings and Investments Union (SIU) can contribute to boosting growth in Europe. Finally, speakers will then be invited to share their views on the risks and opportunities of modifying the Stability Pact rule on the ratio of public deficit to GDP, and of recourse to European borrowing to finance defence spending, against a background of over-indebtedness in many countries and weak growth prospects.
Points of discussion
- What are the expected impacts of the US tariffs policy on inflation and growth in Europe and how should we deal with them?
- What are the implications for monetary policy to achieve the inflation target sustainably and in a timely manner?
- Is the Savings and Investments Union project a solution for increasing productivity and long-term growth in EU economies, as well as improving risk sharing? How to channel surplus European savings into European projects (around 300 billion euros leave Europe every year)? How to attract foreign investors to invest in Europe? What are the main domestic and EU success factors for implementing this project?
- How can defence spending be financed in a context of over-indebtedness in many countries and low growth prospects? In this context, what are the risks and opportunities of changing the Stability Pact rule on the ratio of public deficit to GDP and of relying on European borrowing to finance such expenditure?