DATE: 19 October 2011, 12.30 – 14.30
PLACE: Brussels, Belgium
In February a panel of experts was asked whether there was a future for the Eurozone, and the tenor was one of moderate optimism. In the meantime the situation has gone from bad to worse. A default of Greece‚’orderly’ or not, and an exit of the country from the eurozone is no longer unthinkable. The consequences would be harsh for Greece, the Eurozone, the European Union at large and contagion to the wider world economy is feared. A European Bank study warned that the entire Eurozone project was at risk. Fundamental decisions over the direction of the monetary union need to be taken rapidly and those taken at the meeting of the Eurozone finance ministers in Wroclaw on 16 September are widely regarded inadequate.
Moderator: Claude Weinber, director Heinrich-Boll-Stiftung European Union