The Global Economic Crisis: Implications and Opportunities for Europe and the United States     Print Email
Friday, 24 April 2009

Convened on the eve of the IMF and World Bank Spring meetings, this seminar gathered U.S. and European policy-makers to discuss the role of transatlantic cooperation in turning the crisis into an opportunity for better global financial governance. The need for closer regulatory coordination between the United States and the European Union emerged as a widely-shared conclusion among the participants, including The Honorable Paul Kanjorski, Chairman of the U.S. House of Representatives Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises and Stefano Manservisi, Director General, DG Development, The European Commission. Willy Kiekens, Executive Director at the International Monetary Fund, and Elizabeth Jacobs, Deputy Director, Office of International Affairs, U.S. Securities and Exchange Commission outlined the priorities of their respective organization. The Honorable Erkki Liikanen, Member of the European Central Bank Governing Council and Governor of the Bank of Finland echoes this call for increased coordination between the US and Europe, as well as among European States. The Honorable Luc Frieden, Minister of the Treasury for the Grand Duchy of Luxembourg offered the luncheon keynote address. The meeting was moderated by Daniel Duncan, Senior Director of Government Affairs, The McGraw-Hill Companies, Inc.
 

This meeting was supported by the Transatlantic Program of the Government of the Federal Republic of Germany through funds of the European Recovery Program (ERP) of the Federal Ministry of Economics and Technology.

 
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    By Michael Mosettig

    To the union leaders who occupy offices inside, the big white building just north of Lafayette Square in Washington is known as The House of Labor. Encased on marble, with a view of the White House, it exudes the power that once belonged to leaders of American labor unions to help pick and elect Democratic Party presidents and push their agendas through Congress.

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UMD Jean Monnet Research Project

Infrastructure Planning and Financing: Lessons from Europe and the United States

The University of Maryland has received a Jean Monnet grant from the EU to conduct a series of policy exchanges between Europe and the US on filling infrastructure needs and the utility of public/private partnerships as the financing mechanism. If interested in participating in or receiving more information about these exchanges, please contact Rye McKenzie (rmckenzi@umd.edu).

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New from the Bertelsmann Foundation

The Bertelsmann Foundation is an independent, nonpartisan and nonprofit think tank in Washington, DC with a transatlantic perspective on global challenges.

"Edge of a Precipice" by Nathan Crist

"Newpolitik" by Emily Hruban

 

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