October 6, 2015 – SEP Scientific Council Member Pier Carlo Padoan delivered a speech at the University of Luxembourg, during which he discussed the state of the European economy and commented on policies currently in place. He points out that the debate on the future of the monetary union is an opportunity to improve the economy’s resilience and further the European project. In his opinion, strengthening monetary and financial integration is as important as boosting growth and jobs, and, taken together, these measures will result in benefits for the entire area. He emphasizes that a great deal can be done within the framework of current treaties, although treaty changes should not be dismissed out of hand.
- The complete transcript of the speech is available here.