Institut d'Etudes Européennes et Internationales du Luxembourg
Making Europe Work
13-15 July 2012, Palazzo Mundell, Santa Colomba, Siena
Conference organised by the Luxembourg Institute for European and International Studies and Professor Robert Mundell
On 14 and 15 July some 35 experts from Europe and the United States met in Santa Colomba near Siena to discuss the causes of the Eurozone crisis, to find ways to solve it and to reform the institutions of the European Union. The conference was organised by the Luxembourg Institute for European and International Studies and Professor Robert Mundell.
Furthermore, the hitherto crisis management was seen as insufficient. There was mutual consent that there is also a general crisis of trust. The perceived lack of legitimacy of EU institutions is making the way out of the crisis even more difficult. Several participants argued in favour of a transfer of more competencies to the European level as suggested by the German Minister of Finance Wolfgang Schäuble. Others relied on the report by Herman van Rompuy, Jean-Claude Juncker, José Manuel Barroso and Mario Draghi who want to strengthen legitimacy and accountability in the Eurozone. Participants agreed that the future of the European Union depends on resolving the Eurozone crisis, a meddling through is no more an option.