Inaugural Finance Forum Webinar Explores Future of European Union

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Jul 10, 2020
by Oscar Tollast
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Inaugural Finance Forum Webinar Explores Future of European Union

Panel of experts look at long-term consequences of a German European Central Bank ruling for the future of the European Union and Eurozone Photo by Paul Fiedler on Unsplash

A panel of experts examined the future of the European Union (EU) in the aftermath of a recent German European Central Bank ruling.

The Salzburg Global Finance Forum hosted an inaugural webinar on the topic on Thursday, July 2, with speakers Andreas Dombret, José Manuel González-Páramo, and Yves Mersch.

On May 5, Germany’s constitutional court ruled the European Central Bank’s quantitative easing program did not respect the “principle of proportionality.”

At a time when COVID-19 is straining cohesion in the EU and raising concerns over long-term recovery, panelists looked at what risks this ruling poses for the Union’s institutions and future viability.

Fellows from the Finance Forum and Salzburg Global Corporate Governance Forum were invited to take part in the discussion, which was held under the Chatham House Rule.

However, Mersch, a member of the Executive Board of the European Central Bank since 2012, has since published his opening remarks.

Building on the success of the first webinar, a second webinar on “Digital Infrastructure Resilience: Fostering Growth and Confronting New Challenges” will take place on Monday July 13.

The debate will feature panelists including: Lori Mitchell-Keller, vice president for industry solutions, Google Cloud; Peter Kerstens, advisor, European Commission; Michael Mosier, deputy director and digital innovation officer, U.S. Department of the Treasury/FinCEN; Katheryn Rosen, managing director, JP Morgan Chase (TBC).

Daniel Gorfine, founder and CEO of Gattaca Horizons, will moderate the discussion. Clare Shine, vice president and chief program officer at Salzburg Global, will provide welcome remarks.

During the webinar, participants will examine the critical role digital financial infrastructure can play in accelerating resilience, fostering growth and addressing inequality, which is crucial in the times of COVID-19. The program will also discuss existing institutional and policy gaps and address related risks around data security, privacy, and regulatory fragmentation. More information can be found here.