European Economic Challenges In The Age Of Trump

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Includes: ADRU, DAX, DBEU, DBEZ, DBGR, DBIT, DBUK, DEZU, DXGE, DXPS, EEA, EPV, EUFL, EUFN, EUFS, EURL, EWG, EWI, EWU, EZU, FEEU, FEP, FEU, FEUZ, FEZ, FGM, FIEE, FIEU, FKU, FLGB, FLGR, FLIY, GF, GSEU, HEDJ, HEWG, HEWI, HEWU, HEZU, HFXE, IEUR, IEV, PTEU, QDEU, QGBR, RFEU, SBEU, UPV, VGK
by: Desmond Lachman

On this AEI Events Podcast, AEI scholars Stan Veuger and Desmond Lachman host a panel of policy experts to discuss European economic challenges in the age of Trump. Guests Mahmood Pradhan and Alessandro Leipold of the International Monetary Fund, along with Athanasios Orphanides from the Massachusetts Institute of Technology, detail the European economic outlook and the policies needed to reground European economic recovery. They also examine the prospects for greater European integration in light of Angela Merkel's waning political star.

Even after considerable progress, economic disparities between the north and south remain, the European Central Bank will soon start normalizing monetary policy, Brexit negotiations are ongoing, and political uncertainty now characterizes Germany and Italy. How can we place recovery on sounder footing?

This event included a panel moderated by AEI's Stan Veuger (0:56), featuring guests Mahmood Pradhan (3:58), Athanasios Orphanides (23:17), Alessandro Leipold (41:27), and AEI's Desmond Lachman (56:13). Their conversation is followed by an audience Q&A (1:47:34).

This event took place on January 30, 2018.

Event Materials

PowerPoints

Event Summary

On Tuesday, a group of experts met at AEI to discuss European economic challenges in the age of Trump. Mahmood Pradhan of the International Monetary Fund commended the policy efforts in the European Union that have helped support European economic growth. Athanasios Orphanides from the Massachusetts Institute of Technology highlighted the key challenges that Europe faces: migration crises, lack of economic growth, and Brexit negotiations. He also questioned the role that the European Central Bank played in increasing the economic divide between northern and southern Europe and the need for policies to bridge the divide between better and poorer performing eurozone economies.

Alessandro Leipold of the International Monetary Fund argued that political risks in Italy are overemphasized and gave a detailed analysis of Italy's short-term economic and political prospects. AEI's Desmond Lachman pointed out the reasons behind the European Union's lost economic decade. He also discussed the flaws of the EU's political structure and upcoming monetary policy challenges that threaten the European Union's medium-term economic growth.

- Ryan Nabil