Is Europe Prepared for the Next Crisis?

Klaus Regling, managing director for the European Stability Mechanism (ESM), will be at the Institute on October 11, 2017 to discuss whether Europe is prepared for the next crisis. The event marks the occasion of the fifth anniversary of the ESM.  Jeromin Zettelmeyer, PIIE senior fellow, will share his insights on the euro area crisis, followed by a panel discussion with Regling and Adam S. Posen, PIIE president.

Regling is the current and first managing director of the European Stability Mechanism. He is also the CEO of the European Financial Stability Facility (EFSF), a position he has held since its creation in June 2010. He has worked for 40 years as an economist in senior positions in the public and the private sectors in Europe, Asia, and the United States, including a decade with the International Monetary Fund in Washington and Jakarta and a decade with the German Ministry of Finance where he prepared Economic and Monetary Union in Europe. From 2001 to 2008, he was director general for Economic and Financial Affairs of the European Commission.

Zettelmeyer has been senior fellow at PIIE since September 2016 and was a nonresident senior fellow during 2013–14. From 2014 until September of 2016, he served as director-general for economic policy at the German Federal Ministry for Economic Affairs and Energy, reporting to Vice-Chancellor Sigmar Gabriel. Before joining the German government, he was director of research and deputy chief economist at the European Bank for Reconstruction and Development (August 2008–March 2014). Prior to that, he was a staff member of the International Monetary Fund, where he worked in the Research, Western Hemisphere, and European II departments (1994–2008).