Panel 2: Euro area governance: is it fit to address the next crisis?
Channel: National Bank of Belgium
Date: 2018-11-19

An appropriate balance between private and public sector risk-sharing is crucial to the
design of a resilient institutional set-up for crisis management. In this context, the second panel examines the respective roles of the central bank, the European Stability
Mechanism, the fiscal authorities, the resolution authority and the competition authority.
Are their respective roles clear? Is there sufficient coordination among the various
authorities? How can governance be improved and is there a need for a euro area finance minister?

Chair: 
- Margarita Delgado (Deputy Governor, Banco de España)
Speakers: 
- Jeromin Zettelmeyer (senior fellow Petersson Institute for International Economics), 
- André Sapir (Professor, Solvay Brussels School), 
- Guido Tabellini (Professor, Bocconi University)
Discussants: 
- Vítor Constancio (Former Vice-President, ECB), 
- Peter Grasmann (Acting Director, European Commission)