Shaping  a  Genuine  Economic  and  Monetary  Union  (Conference  Agenda)  

DATE:  19  –  20  FEBRUARY,  2013  

Venue:   Quartetorium  –  Maria  Theresia  Ballroom,  Arte  Lounge,  Kempinski  Hotel  River  Park  Bratislava     Conference  –  Maria  Theresia  Ballroom,  Kempinski  Hotel  River  Park  Bratislava  

DAY  1  –  TUESDAY,  19  FEBRUARY  2013  (Habsburg  Ballroom  Quartetorium,  Arte  Lounge  Networking  Cocktail,  Kempinski  Hotel  River  Park  Bratislava)  

AFTERNOON   Arrival  of  Participants  

18:00    OFFICIAL  DINNER  HOSTED  BY  PETER  KAŽIMÍR,  DEPUTY  PRIME  MINISTER  AND  MINISTER  OF  FINANCE  OF  THE  SLOVAK  REPUBLIC  (UPON  INVITATION  ONLY)  

20:00    QUARTETORIUM  LAUNCH:  H.  E.  IVAN  KORČOK,  CEA  Founding  Member,  Permanent  Representative  of  the  Slovak  Republic  to  the  European  Union,  Brussels  DUŠAN  CHRENEK,  Head  of  Representation,  Representation  of  the  European  Commission  in  the  Slovak  Republic  

20:15  –  21:45   QUARTETORIUM:  ROADMAPS  TO  EXIT  THE  EURO-­‐CRISIS  (Co-­‐organised  with  the  Representation  of  the  European  Commission  in  the  Slovak  Republic  and  the  International  Visegrad  Fund)  

Panel  Annotation:  As  the  global  recession  muddles  into  its  fifth  year,  and  European  debt  crisis  into  its  third,  proposals  for  their   solution   emerge   and   diverge.   Some   of   them   are   economic   –  more   austerity   and   structural   reforms,   or   unorthodox  monetary  policy  and  stimulus.  Others  are   fundamentally  political  –  do  we  need  more  Europe,  or   is   it  everybody  on   their  own?  Which  of  them  is  right,  and  which  will  prevail?  

CHAIRED  BY:  PETER  SPIEGEL,  Brussels  Bureau  Chief,  Financial  Times,  Brussels  

HON.  PETER  KAŽIMÍR,  Deputy  Prime  Minister  and  Minister  of  Finance  of  the  Slovak  Republic  JÖRG  ASMUSSEN,  Member  of  the  Board,  European  Central  Bank,  Frankfurt  am  Main  GERNOT  MITTENDORFER,  Member  of  the  Management  Board,  Erste  Group  Bank  AG,  Vienna  JEAN  PISANI-­‐FERRY,  Director,  Bruegel,  Brussels  

21:45   Networking  Cocktail  (Hosted  by  the  ERSTE  Group  and  Slovenská  sporiteľňa,  General  Partner  of  the  Conference)  

 

DAY  2  -­‐  WEDNESDAY,  20  FEBRUARY  2013  (Maria  Theresia  Ballroom,  Kempinski  Hotel  River  Park  Bratislava)  

08:00  –  08:45   REGISTRATION  

09:00  –  09:20   OFFICIAL  OPENING:  RÓBERT  VASS,  CEA  Founding  Member,  Secretary  General,  Slovak  Atlantic  Commission  HON.  PETER  KAŽIMÍR,  Deputy  Prime  Minister  and  Minister  of  Finance  of  the  Slovak  Republic  PETER  JAVORČÍK,  State  Secretary,  Ministry  of  Foreign  and  European  Affairs  of  the  Slovak  Republic  

09:20  –  10:15   KEYNOTE:  TOWARDS  A  GENUINE  ECONOMIC  AND  MONETARY  UNION  

Panel   Annotation:   The   language   of   Mr.   van   Rompuy’s   proposal   may   not   exactly   match   its   great   predecessors   –  Declarations  of  Independence,  and  of  the  Rights  of  Man  and  of  the  Citizen.  Nonetheless,  its  relevance  for  the  future  may  not  be   lagging   that   far   behind.   Asserting  more   Europe   in   four   fundamental   areas   –   banking,   budgets,   economic   policy,   and  governance,  it  provides  one  of  the  more  comprehensive  political  and  economic  roadmaps  for  the  future  of  Europe.  Are  its  goals  and  instruments  on  target?  And,  if  so,  what  are  feasible  ways  of  working  towards  them?  

INTRODUCTORY  REMARKS:  AMB.  (RET.)  RASTISLAV  KÁČER,  CEA  Founding  Member,  President,  Slovak  Atlantic  Commission,  Bratislava  FRANS  VAN  DAELE,  former  Head  of  the  Cabinet  of  the  President  of  the  European  Council,  Brussels  

COMMENTS  BY:  HARALD  WAIGLEIN,  Director  General,  Economic  Policy  and  Financial  Markets  Department,  Federal  Ministry  of  Finance,  Austria  MARTTI  HETEMÄKI,  Permanent  Under-­‐Secretary,  Ministry  of  Finance  of  the  Republic  of  Finland  

10:15  –  10:30   Coffee  Break  

10:30  –  12:00   SESSION  1:  THREAT  OF  COMPLACENCY  IN  THE  EUROZONE?  ASPIRATIONS  VS.  REALITIES  

CHAIRED  BY:  FRANCESCO  PAPADIA,  Visiting  Scholar,  Bruegel,  Brussels  

CHRISTIAN  KASTROP,  Director,  Fiscal  Policy  Department,  Federal  Ministry  of  Finance  of  the  Federal  Republic  of  Germany  INIGO  FERNANDEZ  DE  MESA,  General  Secretary  of  the  Treasury  and  Financial  Policy,  Ministry  of  Economy  and  Competitiveness  of  the  Kingdom  of  Spain  PANOS  TSAKLOGLOU,  Chairman,  Council  of  Economic  Advisors,  Ministry  of  Finance,  Hellenic  Republic  RADEK  URBAN,  Deputy  Minister,  Ministry  of  Finance  of  the  Czech  Republic  VAZIL  HUDÁK,  State  Secretary,  Ministry  of  Finance  of  the  Slovak  Republic  

12:00  –  13:30   Networking  Lunch  

13:30  –  15:00   SESSION  2:  SOVEREIGN  FINANCING  IN  TIMES  OF  CRISIS  

Panel   Annotation:   In   the   early   years   of   the   common   European   currency,   risk   spreads   for   sovereign   bonds   converged  spectacularly.  Governments   financed   their  needs  way   too  easily.  Recently,   spreads  as  well   as  access   to   financial  markets  diverged  beyond  the  economic  fundamentals.  What  policy  toolbox  is  available  –  at  national  and  European  level  –  to  secure  financing  needs  of  the  European  sovereigns?  What  specifically  are  major  investors  looking  at  when  establishing  countries’  creditworthiness?  

CHAIRED  BY:  KAREL  LANNOO,  Chief  Executive  Officer,  Centre  for  European  Policy  Studies,  Brussels    

MARYAM  KHOSROWSHAHI,  Managing  Director  and  Head  of  CEEMEA  Sovereign  DCM,  Deutsche  Bank  GIANLUCA  SALFORD,  Executive  Director,  Head  of  Euro  Bond  Strategy,  J.  P.  Morgan,  London  JOZEF  PROKEŠ,  Director  of  Portfolio  Investments,  BlackRock,  London  ROLF  STRAUCH,  Director  of  Research  and  Institutional  Relations,  European  Financial  Stability  Facility,  Brussels  FRANTIŠEK  SZULÉNYI,  Director  General,  Risk  Management  Department,  National  Bank  of  Slovakia,  Bratislava  

 

15:00  –  16:00   KEYNOTE:  CONFRONTING  THE  CRISIS:  NEW  VISION  FOR  EUROPE  

Panel  Annotation:  Recent  history  of  Europe  is  a  story  of  success.  Rifts  caused  by  the  world  wars,  and  the  Cold  War,  were  overcome  by  cooperation  and  integration,  bringing  peace  and  prosperity  across  the  continent.  Has  –  over  time  -­‐   the  ever  closer  Union  become   too   tight,   and   its  governance   too  bureaucratic  and  unfit   for   the  challenges  of   the  current  economic  turmoil?  Or  is  it  still  a  project-­‐in-­‐making,  and  we  can  outline  a  shared  European  vision  which  will  shape  it?  

INTRODUCTORY  REMARKS:  H.  E.  IVAN  KORČOK,  CEA  Founding  Member,  Permanent  Representative  of  the  Slovak  Republic  to  the  European  Union,  Brussels  

HON.  MAROŠ  ŠEFČOVIČ,  Vice-­‐President  for  Inter-­‐institutional  Relations  and  Administration,  European  Commission,  Brussels  THOMAS  WIESER,  President  of  Euro  Working  Group,  Brussels  

16:00  –  16:30     Coffee  Break    

16:30  –  18:00     SESSION  3:  THE  EURO:  STILL  THE  BEST  BET  FOR  BUSINESS?    

CHAIRED  BY:  VLADIMÍR  VAŇO,  Chief  Analyst,  Volksbank  Slovensko  

MARTIN  KUBALA,  CEO,  Hewlett-­‐Packard  Slovakia,  Bratislava  THOMAS  JAN  HEJCMAN,  Chairman  of  the  Board  of  Directors  and  Chief  Executive  Officer,  Východoslovenská  energetika  a.s.,  Košice  PETER  MIHÓK,  President,  Slovak  Chamber  of  Commerce  and  Industry,  Bratislava  LADISLAV  UNČOVSKÝ,  Managing  Director,  Slovak  Bank  Association,  Bratislava  

18:00  –  18:15   CLOSING  REMARKS:  MARTIN  FILKO,  Director,  Institute  for  Financial  Policy,  Ministry  of  Finance  of  the  Slovak  Republic  

18:20  –  19:50   POLICY  COCKTAIL:  FROM  REFORM  TO  GROWTH:  MANAGING  THE  FINANCIAL  AND  ECONOMIC  CRISIS  IN  EUROPE    Afternoon  refreshment  will  be  served  during  the  debate.  (Co-­‐organised  with  the  CES)  

CHAIRED  BY:  KATARÍNA  KRÁLIKOVÁ,  CES  Research  Associate;  Ministry  of  Foreign  and  European  Affairs  of  the  Slovak  Republic,  Bratislava  

VÍT  NOVOTNÝ,  Centre  for  European  Studies,  Brussels  PANTELIS  SKLIAS,  Professor,  University  of  Peloponnese,  Head  of  the  Academic  Council,  Konstantinos  Karamanlis  Institute  for  Democracy,  Greece  MARTIN  VALENTOVIČ,  M.E.S.A.10—Centre  for  Economic  and  Social  Analyses,  Slovakia  LOTHAR  FUNK,  Professor  of  Economics  and  International  Economic  Relations  at  the  University  of  Applied  Sciences,  Germany