Europe in a changing international monetary system

Date
October 17, 2025, 1:00 PM to 2:30 PM EDT
PIIE Webcast, Washington, DC

Agnès Bénassy-Quéré (Banque de France), Jacob Funk Kirkegaard (PIIE), Klaas Knot (Former De Nederlandsche Bank; Financial Stability Board), Signe Krogstrup (Danmarks Nationalbank), Olli Rehn (Bank of Finland) and Ángel Ubide (Citadel LLC)

Event Summary

Europe is navigating profound shifts in the global monetary system and financial flows, presenting both risks and opportunities for the future of the euro. This high-level discussion examines how Europe can strengthen its fiscal, economic, and monetary architecture to address these challenges and capitalize on emerging opportunities.

Bringing together central bank governors alongside leading voices from policy and research, this event explores Europe's fiscal capacity, resilience, and medium-term economic outlook, with particular attention to the evolving role of eurobonds and Europe's position in the global financial system.

Following the remarks, a moderated discussion takes place, during which speakers address questions from the audience.

SPEAKERS

Agnès Bénassy-Quéré 
Second Deputy Governor, Banque de France

Jacob Funk Kirkegaard 
Nonresident Senior Fellow, PIIE

Klaas Knot
Former President, De Nederlandsche Bank; Chair, Financial Stability Board

Signe Krogstrup 
Governor, Danmarks Nationalbank

Olli Rehn 
Governor, Bank of Finland

Ángel Ubide 
Managing Director, Citadel LLC

Video