LSE European Institute ‘Fixing Europe’ dialogue series
Date: Tuesday 27 May 2014
Venue: Old Theatre, Old Building
Speakers: Hugo Dixon, John Peet
Chair: Professor Maurice Fraser
EVENT UPDATE - This event will now take place in the Old Theatre, Old Building.
The two speakers will present and discuss the themes of their new books.
In Unhappy Union: How the Euro Crisis- and Europe - Can Be Fixed, Anton La Guardia and John Peet discuss how the euro was supposed to create an unbreakable bond between the nations and people of Europe. But when the debt crisis struck, the flaws of the half-built currency has brought the EU close to breaking point after decades of post-war integration. Deep fault-lines have opened up between European institutions and the nation-states, and often between the rulers and the ruled, raising profound questions about Europe's democratic deficit. Belief in European institutions and national governments alike is waning, while radicals of both the left and the right are gaining power and influence. Europe's leaders have so far proved the doomsayers wrong and prevented the currency from breaking up. "If the euro fails, Europe fails," says Angela Merkel. Yet the euro, and the European project as a whole, is far from safe. If it is to survive and thrive, leaders will finally have to confront difficult decisions. How much national sovereignty are they willing to give up to create a more lasting and credible currency? How much of the debt burden and banking risk will they share? Is Britain prepared to walk away from the EU? And will other countries follow? In their astute analysis of the crisis, the authors describe America's behind-the-scenes lobbying to salvage the euro, economists' bitter debates over austerity, the unseen manoeuvres of the European Central Bank and the tortuous negotiations over banking union. In the final chapter, they set out the stark choices confronting Europe's leaders and citizens.
In The In/Out Question - Why Britain Should Stay In The EU And Make It Better top financial journalist and entrepreneur Hugo Dixon challenges the received wisdom about the EU and explains why: immigration is good for Britain; Europe is not heading towards a super-state; we benefit hugely from the single market; all the alternatives to EU membership are worse; Britain has a golden opportunity to make the EU more competitive; now is the time to push for change. We shouldn’t wait until after the general election. We should fix it, not nix it.
Hugo Dixon is a journalist, entrepreneur and philosopher. He worked at the Financial Times for more than a decade, including five years running the Lex column. He then founded Breakingviews, the global financial commentary business. He is now editor-at-large, Reuters News, and writes a weekly column for Reuters, Breakingviews and the International New York Times.
John Peet has been Europe editor at The Economist since September 2003, responsible for coverage of the European Union, Russia, Turkey, the Caucasus and the Balkans. Earlier positions at The Economist, which he joined in 1986, have included Britain correspondent, Washington, DC correspondent, Brussels (EU) correspondent and executive editor. His surveys and special reports have included health care, the American south, global finance, e-commerce, water, Spain, the European Union, European monetary union, the Netherlands, Ireland, Italy, the future of Europe, Turkey and, most recently, France. He has contributed to various books, including The Frontiers of Europe and The Foreign Policy of the European Union (both Brookings Institution books). He has also written pamphlets for the Centre for European Reform and, with his Brussels-based colleague, Anton La Guardia, is publishing Unhappy Union: how the euro crisis – and Europe – can be fixed in May 2014.
Suggested hashtag for this event for Twitter users: #LSEfixingEurope
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