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Europe's Incompatible Trinities

LSE European Institute public discussion

Date: Monday 21 November 2016
Time: 6.30-8pm
Venue: TW1.G.01, Tower 1
Speaker:  Marco Buti, Professor Paul de Grauwe, Dr Mareike Kleine
Chair: Professor Iain Begg

Is the recasting of economic governance of Europe beset by intractable economic, political and institutional conflicts? When the euro was created, it was partly as a solution to the “impossible trinity” of simultaneously having free capital movement, a fixed exchange rate and independent monetary policies. The focus of this discussion, hosted in association with The UK in a Changing Europe, will be on whether there are ways round the various incompatible economic and political trinities, and, if so, what they imply for the next stages of reform of euro governance.

Marco Buti has been Director-General for Economic and Financial Affairs at the European Commission since December 2008, after a 6-month period as acting Director-General. After studies at the Universities of Florence and Oxford, he joined the European Commission in 1987. He held various posts as an economist in DG ECFIN and the Commissioner's cabinet (private office) before taking up a post as an economic adviser to the Commission President in 2002-03. In 2003 he returned to DG ECFIN as Director for the Directorate for economies of the Member States, and in September 2006 was appointed Deputy Director-General.

Paul de Grauwe (@pdegrauwe) is John Paulson Chair in European Political Economy at he the European Institute. He is also director of the money, macro and international finance research network of CESifo, University of Munich. He is a research fellow at the Centre for European Policy Studies in Brussels and the Centre for Economic Policy Research, London.

Mareike Kleine (@kleine_m) is Associate Professor of EU and International Politics at the European Institute. Her research interests include theories of international organisation and International Political Economy, informal and formal governance, the interplay of domestic politics and international institutions, negotiation theories and normative questions of global.

Iain Begg (@IainBeggLSE) is a Professorial Research Fellow at the European Institute. His main research work is on the political economy of European integration and EU economic governance. His current projects include studies on the governance of EU economic and social policy, the EU's Europe 2020 strategy, evaluation of EU cohesion policy and reform of the EU budget.

The LSE European Institute (@LSEEI) is celebrating its twenty-fifth anniversary in 2016. It is a centre for research and graduate teaching on the processes of integration and fragmentation within Europe. In the most recent national Research Excellence Framework (REF 2014) the Institute was ranked first for research in its sector.

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