Why is Europe’s great monetary endeavour, the Euro, in trouble? A project that seen by the mainstream as not only sound economics, but also as embodying a post-Maastricht spirit of European co-operation and integration, has been beset by a series of economic crises in Greece, Ireland, Spain and Italy that has left observers wondering whether the currency union can survive. Was monetary union, as some argue, never really compatible with relative fiscal autonomy? Were the seeds of modern-day economic division sown by Martin Luther and the division of Europe into a Catholic South and a Protestant North, the latter characterised, as Weber thought, by a distinctive work ethic and conception of capitalism? Is that intractable problem of international governance, the absence of a means by which rules are enforced, at fault?
The Henry Jackson Society is pleased to invite you to an event with Markus Brunnermeier and Harold James, co-authors (alongside Jean-Pierre Landau) of The Euro and the Battle of Ideas. James and Brunnermeier will argue that the core problem with the Euro lies in the philosophical differences between the founding countries of the Eurozone, particularly Germany and France. However they will also seek to show how these seemingly incompatible differences can be reconciled to ensure Europe’s survival.
Harold James is Professor of History and International Affairs and the Claude and Lore Kelly Professor of European Studies at Princeton University. He was educated at Cambridge University. His books include The German Slump (1986); A German Identity 1770-1990 (1989); International Monetary Cooperation Since Bretton Woods (1996) and Europe Reborn: A History 1914-2000 (2003). More recently he has written The End of Globalization: Lessons from the Great Depression (2001), The Creation and Destruction of Value: The Globalization Cycle (2009), and Making the European Monetary Union (2012). He has an honorary doctorate from the University of Lucerne, and writes regularly for Project Syndicate.
Markus K. Brunnermeier is the Edwards S. Sanford Professor at Princeton University. He is a faculty member of the Department of Economics and director of Princeton's Bendheim Center for Finance. He is the founding and former Director of Princeton’s Julis Rabinowitz Center for Public Policy and Finance and affiliated with the International Economics Section. He is also a Research Associate at NBER, CEPR, and CESifo. He is a member of several advisory groups, including to the IMF, the Federal Reserve of New York, the European Systemic Risk Board, the Bundesbank and the U.S. Congressional Budget Office. Brunnermeier was awarded his Ph.D. by the London School of Economics.
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Date and Time
The Henry Jackson Society, 26th Floor, Millbank Tower, 21-24 Millbank, London, SW1P 4QP