Professor Marcel Fratzscher (DIW Berlin) speaks at the ESM

"The German-French economist proposal on the Eurozone reforms"

 
How to reconcile risk sharing and market discipline in the euro area? The euro area continues to suffer from critical weaknesses that are the result of a poorly designed fiscal and financial architecture, but its members are divided on how to address the problems. The presentation of Marcel Fratzscher proposes six reforms which, if delivered as a package, would improve the euro area’s financial stability, political cohesion, and potential for delivering prosperity to its citizens, all whi le addressing the priorities and concerns of participating countries.
 
Marcel Fratzscher is President of DIW Berlin, one of the leading independent economic research institutes and think tanks in Europe, Professor of Macroeconomics and Finance at Humboldt-University Berlin, and Chair of the German government expert committee on "Strenghtening investment in Germany". Marcel Fratzscher is member of the advisory board of the German development non-profit, Deutsche Welthungerhilfe, and of the supervisory board of the Hertie School of Governance. He is member of the advisory board of the foundation, Deutschland rundet auf, co-owner and engaged at Kreuzberger Kinderstiftung, and member of the advisory board of the Society for German-Chinese Cultural Exchange (GeKA e.V.) Berlin. The work of Marcel Fratzscher focuses on topics in macroeconomics, monetary economics, financial markets and global economy. In March 2018, his book, "The Germany Illusion: Why we overestimate our Economy and need Europe", was published in English. His book, "The Battle for Redistribution – Why Germany is becoming more unequal“ (March 2016), analyses the economic and social impact of the high and rising inequality in Germany.  His prior professional experience includes work as Head of the International Policy Analysis at the European Central Bank (ECB), where he worked from 2001 to 2012; the Peterson Institute for International Economics in 2000-01; before and during the Asian financial crisis in 1996-98 at the Ministry of Finance of Indonesia for the Harvard Institute for International Development (HIID); and shorter periods at the Asian Development Bank, the World Bank, and in various parts of Asia and Africa.  He received a Ph.D. in Economics from the European University Institute (EUI); a Master of Public Policy from Harvard University's John F. Kennedy School of Government; a B.A. in Philosophy, Politics, and Economics (PPE) from the University of Oxford, and a Vordiplom in Economics from Kiel University. He is a European citizen, having grown up and having obtained his primary and secondary education in Germany.

This is an ESM research internal seminar. If you would like to attend, please write an email to ESMresearch@esm.europa.eu