Ladies and Gentlemen, Thank you for inviting me here today and for giving me the opportunity to be part of such a distinguished panel. The subject matter of our panel is a demanding one. Nine years after the beginning of the crisis, advanced economies are apparently settled in a regime of low growth and low inflation with no end in sight. In many places, a weary complacency seems to be reconciled with the “new normal long-term economic equilibrium”. However, in our...

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Commission welcomes landmark international agreement to curb aviation emissions The European Commission welcomes the landmark agreement reached yesterday by the International Civil Aviation Organisation (ICAO), with the adoption of a Global Market-Based Measure (GMBM) to reduce international aviation emissions. The European Union and its Member States played an instrumental role in brokering this deal, which constitutes the first-ever agreement to reduce CO2 emissions in a global sector. Days after the ratification of the Paris Agreement by the EU, this new multilateral deal...

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"Ten months ago, in Paris, I said before the world that we needed a strong global agreement to reduce carbon pollution and to set the world on a low-carbon course. The result was the Paris Agreement. Last month, the United States and China -- the world’s two largest economies and largest emitters -- formally joined that agreement together. And today, the world has officially crossed the threshold for the Paris Agreement to take effect. "Today, the world meets the moment....

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Following Brexit, it is even more important that the European Union focus on further integration. It can do this by completing the Digital Single Market and the Capital Markets Union, concluding the Transatlantic Trade and Investment Partnership (TTIP), pursuing a larger European budget, and introducing Eurobonds. Although it is highly uncertain which direction a European Union without the United Kingdom will take, we will lay out two possible scenarios. The first scenario will leverage European citizens’ fears that free movement...

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