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16 Ann Pettifor The Case for a Green New Deal for Europe

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PLENARY SESSION III: THE EURO AT 30? INSTITUTIONAL CHALLENGES Chair: Andrew Watt, IMK Macroeconomic Policy Institute Fiscal and financial conditions for a stronger euro area Vitor Constancio, former European Central Bank What will it take for the Euro to survive another twenty years? Robert Skidelsky The Case for a Green New Deal for Europe Ann ...

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PLENARY SESSION III: THE EURO AT 30? INSTITUTIONAL CHALLENGES



Chair: Andrew Watt, IMK Macroeconomic Policy Institute



Fiscal and financial conditions for a stronger euro area Vitor Constancio, former European Central Bank



What will it take for the Euro to survive another twenty years?


Robert Skidelsky



The Case for a Green New Deal for Europe


Ann Pettifor, Policy Research in Macroeconomics (PRIME)



2019 marks the 20th anniversary of the introduction of the Euro, replacing 11 national currencies. The two decades have been characterised by geographical extension to nowadays 19 countries, a modest increase in the Euro’s international role, but also by the build-up of unsustainable imbalances, and a long and deep economic and political crisis specific to many countries sharing the common currency. In response, substantial reforms have been undertaken without, though, resolving a number of key economic governance weaknesses. Since even before its birth the euro has been a subject of controversial debate amongst economists of all schools. That debate has only intensified since the crisis. Now emerging into “adulthood”, serious questions remain. Is the common currency sustainable in something like its present form? What economic policies are feasible within the current framework? What crucial reforms need to be pushed through? Can a path back to national currencies be trodden while avoiding a major crisis?



Ann Pettifor
I’m Ann Pettifor, author and analyst of the global financial system, and co-author of The Green New Deal (2008). I predicted an Anglo-American debt-deflationary crisis back in 2003, and in September, 2006 published The Coming First World Debt Crisis (Palgrave). I am known for my work on the sovereign debts of low income countries and for leading an international movement for the cancellation of debts, Jubilee 2000.

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