The Euro Crisis: Can Deeper Integration Save the European Union and the Common Currency?

Policy Forum
February 8, 2013 11:30AM
Hayek Auditorium
Featuring Frits Bolkestein, Former European Commissioner for Internal Market and Services; and Luke Coffey, Margaret Thatcher Fellow, Heritage Foundation; moderated by Juan Carlos Hidalgo, Policy Analyst, Center for Global Liberty and Prosperity, Cato Institute.

The euro crisis has exposed deep structural flaws in the functioning of the common currency and put pressure on the cohesion of the European Union as a whole. Stagnant growth, and rising unemployment and public dissatisfaction are threatening to undermine the European project. Conventional wisdom holds that deeper political integration is needed in order to preserve and strengthen the European Union. However, an increasing number of analysts argue that current problems in Europe are symptoms of a unification process gone too far. Frits Bolkestein and Luke Coffey will discuss the reform proposals and identify powers that are currently exercised in Brussels but could be repatriated to the member states.