European Economic Growth and its Importance to American Prosperity

March 10, 2017 - 9:00 am

Atlantic Council, 1030 15th Street NW
Washington, DC

EuroGrowth Initiative
Report Launch-Charting the Future Now: European Economic Growth and Its Importance to American Prosperity

Report Presentation:
Stuart Eizenstat
Former Ambassador to the European Union;
Co-Chair EuroGrowth Initiative

Atlantic Council

Andrea Montanino
Director, Global Business & Economics
Report Rapporteur
Atlantic Council

Andrus Ansip
Vice President
European Commission

Panel I: More or Less Europe? Options for More Growth ahead of the Sixtieth Anniversary of the Treaty of Rome

A conversation with:
Olivier Blanchard
C. Fred Bergsten Senior Fellow
Peterson Institute for International Economics

Xavier Rolet
Chief Executive Officer
London Stock Exchange

Poul Thomsen
Director, European Department
International Monetary Fund

Introduced and Moderated by:
Megan Greene
Managing Director & Chief Economist
Manulife Investments

Panel II: How US Economic Policies Can Affect EU Growth and Vice Versa

A conversation with:
Gordon Bajnai
Former Prime Minister of Hungary;
Group Chief Operating Officer


José Manuel Barroso
Former European Commission President
Co-Chair EuroGrowth Initiative

Paula Dobriansky
Former Under Secretary of State for Global Affairs;
Senior Fellow, Belfer Center for Science & International Affairs

Harvard University’s John F. Kennedy School of Government

Raymond W. McDaniel Jr.
Chief Executive Officer
Moody’s Corporation

Introduced and Moderated by:
Susan Lund
McKinsey Global Institute
As we approach the sixtieth anniversary of the signing of the Treaty of Rome, Europe is at a crossroads. The rise of populist movements and the recent vote by the British people to leave the European Union have put the decades of progress made by the European project in jeopardy. The European Union’s ability to maintain its position as a geopolitical leader and partner of the United States rests in its ability to generate significant economic growth and ensure prosperity for its citizens.

"Charting the Future Now: European Economic Growth and its Importance to American Prosperity” details the inextricable links connect the European and US economies and provides concise policy recommendations on how to stimulate growth in Europe for the benefit of both Europeans and Americans.

On Twitter? Follow @AC_GBE and use #EUGrowth

Atlantic Council
1030 15th Street NW, 12th Floor (West Tower Elevator) 
Washington, DC 

This event is open to press and on the record.

VISITING THE COUNCIL: Metro and parking info 


Stuart Eizenstat serves as a partner at the law firm of Covington & Burling in Washington, DC and as a senior strategist at APCO Worldwide. He possesses over fifteen years of public service in three US administrations and has held a number of key senior positions, including chief White House domestic policy adviser to President Jimmy Carter (1977-81); US ambassador to the European Union; under secretary of commerce for international trade; under secretary of state for economic, business, and agricultural affairs; and deputy secretary of the treasury in the Clinton Administration (1993-2001).

Andrea Montanino is the director of the Global Business & Economics Program at the Atlantic Council. He leads the Council's work on global trade, growth, and finance. Montanino formerly acted as executive director of the International Monetary Fund (IMF), representing the governments of Italy, Albania, Greece, Malta, Portugal, and San Marino.  Before joining the IMF, he was a career officer in the Italian Ministry of Finance from 2006 to 2012. He also previously spent four years (2001-05) at the European Commission in the Directorate General for Economic and Financial Affairs, where he worked on the reform of the EU budgetary rules and was responsible for the long-term sustainability analysis of European countries.

Andrus Ansip is the current European commissioner for the Digital Single Market and has served as vice president of the European Commission since November 1, 2014.  Before joining the European Commission, he served as prime minister of Estonia from 2005 to 2014 and led the Estonian Reform Party (Estonian: Reformierakond) from 2004 to 2014.  From December 4, 2013 to March 26, 2014 he was the longest-serving prime minister in the European Union. He was elected to the Parliament of Estonia in 2004, quickly becoming minister of economic affairs, and subsequently prime minister in April 2005.  Before entering into politics, he trained as a chemist and has worked in banking and business.

Olivier Blanchard has served as a C. Fred Bergsten senior fellow since October 2015.  Before returning to the Massachusetts Institute of Technology (MIT) in 1982, he taught as a professor at Harvard University. He served as chair of the MIT economics department from 1998 to 2003. In 2008, he took a leave of absence to be the economic counselor and director of the Research Department at the International Monetary Fund. He remains the Robert M. Solow professor of economics emeritus at MIT. He has worked on a wide range of issues, from the role of monetary policy, the nature of speculative bubbles, the nature of the labor market and the determinants of unemployment, transition in former communist countries, and to forces behind the recent global financial crisis. He is president-elect of the American Economic Association and a member of the American Academy of Sciences.

Xavier Rolet is the current chief executive of the London Stock Exchange Group. He was appointed to the board in March 2009 and was appointed CEO on May 20, 2009. From 2000 to 2008 he served as a senior executive at Lehman Brothers and CEO of Lehman in France. Prior to joining Lehman Brothers, he held senior positions at Dresdner Kleinwort Benson from 1997 to 2000, Credit Suisse First Boston from 1994 to 1996, and Goldman Sachs in New York and London from 1984 to 1994.

Poul Thomsen is the director of the International Monetary Fund’s (IMF) European Department. He is currently in charge of the IMF’s programs with Greece and Portugal, and also oversees the work of other country teams, including Iceland, Romania, and Ukraine.  During the 1990s and early 2000s, Thomsen gained extensive knowledge of the economic and social problems facing the countries in Central and Eastern Europe through multiple assignments in the region, including as the IMF’s senior resident representative and head of the Fund’s Moscow Office.

Megan Greene serves as managing director and chief economist responsible for forecasting global macroeconomic and financial trends and analyzing the potential opportunities and impacts to support the firm’s investment teams around the world. Previously, she ran her own London-based economics consulting practice, Maverick Intelligence, serving clients who leveraged her analysis of economic, political, policy, and social developments and the impact these were likely to have on the global economy. Prior to Maverick, she was director of European economics at Roubini Global Economics, where she conducted macroeconomic analysis and forecasting, with a focus on the Eurozone, and provided real-time analysis on global developments and how they would impact political and macroeconomic forecasts and financial systems. Prior to this, she was editor/economist, Western Europe, at Economist Intelligence Unit, responsible for economic forecasts and models for a wide range of countries.

Gordon Bajnai is group chief operating officer of Meridiam, a leading investor in public infrastructure. He served as prime minister of the Republic of Hungary from April 2009 until May 2010. Earlier, he held positions as head of the National Development Agency, as minister at the Ministry of Local Government, and as minister at the Ministry of National Development and Economic Affairs. Between 2000 and the end of 2005, he was CEO of Wallis Investment, Consulting and Asset Management Ltd, where he was responsible for management and company transformation in addition to process improvement. Between 1995 and 2000, he was managing director and deputy CEO of CA IB Securities Plc. Furthermore, he served as president of Budapest Airport, and as a Supervisory Board member of Zwack Unicum Plc and Danubius Radio. He is also a former member of the Board of Directors of Graboplast Rába Plc and a former member of the Investment Board of Equinox Private Equity Fund.

José Manuel Barroso is the current non-executive chairman at Goldman Sachs International based in London.  From 2004 to 2014 he served as president of the European Commission overseeing the drafting and implementation of the Lisbon Treaty, the negotiation of the Doha Development Agenda, the formation of an EU-wide climate change package, in addition to numerous other major policy undertakings. Before joining the European Commission, he served as prime minister of Portugal from April 2002 to July 2004 while simultaneously leading the Social Democratic Party of Portugal from 1999 to 2004. Furthermore, he served as minister of foreign affairs of Portugal from 1992 to 1995 and secretary of state of external affairs and cooperation of Portugal from 1987 to 1992.

Paula Dobriansky is a senior fellow in the Future of Diplomacy project at Harvard University’s JFK Belfer Center for Science and International Affairs and vice chair of the National Executive Committee of the US Water Partnership. 

From 2010 to 2012, she was senior vice president and global head of government and regulatory affairs at Thomson Reuters, responsible for designing and implementing a corporate approach for engagement in Washington, DC and other key capitals around the globe and instrumental in the development of Thomson Reuters’ financial regulatory strategy. During this time, she also held the distinguished national security chair at the US Naval Academy.

From May 2001 to January 2009, Ambassador Dobriansky served as under secretary of state for global affairs. Among her primary accomplishments, she established and led the US-India, US-China, and US-Brazil Global Issues For a, which advanced crucial work and international cooperation on environment, energy, health, development, and humanitarian issues. Additionally, she was head of delegation and lead negotiator on US climate change policy.

In February 2007, as the President's special envoy to Northern Ireland, Ambassador Dobriansky contributed to the historic devolution of power in Belfast. For her leadership, she received the secretary of state’s highest honor, the Distinguished Service Medal. From 1997 to 2001, Ambassador Dobriansky served as senior vice president and director of the Washington Office of the Council on Foreign Relations. She was also the Council's first George F. Kennan senior fellow for Russian and Eurasian studies. 

During her more than twenty-five years in national security affairs, Ambassador Dobriansky has held many Senate-confirmed and senior level positions in the US government including deputy head of the US Delegation to the 1990 Copenhagen Conference on Security and Cooperation in Europe (CSCE) and director of European and Soviet affairs at the National Security Council, the White House.  She received a BSFS summa cum laude in international politics from Georgetown University School of Foreign Service and a MA and PhD in Soviet political/military affairs from Harvard University.   

Raymond W. McDaniel Jr. serves as president and chief executive officer (CEO) of Moody's Corporation, the parent company of Moody's Investors Service and Moody's Analytics, and served as the chairman and CEO from April 2005 until his appointment as president and CEO in April 2012. He currently is a member of the Executive Committee of the Board of Directors. He served as the Company’s president from October 2004 until April 2005 and the Company’s chief operating officer from January 2004 until April 2005. He has held the role of chief executive officer of Moody’s Investors Service, Inc., a subsidiary of the Company, since October 2007. He held the additional titles of president from November 2001 to August 2007 and December 2008 to November 2010 and chairman from October 2007 until June 2015. Mr. McDaniel served as the Company’s executive vice president from April 2003 to January 2004, and as senior vice president, global ratings and research from November 2000 until April 2003. He served as senior managing director, global ratings and research, of Moody’s Investors Service from November 2000 until November 2001 and as managing director, international from 1996 to November 2000.

Susan Lund is a partner of McKinsey & Company and a leader of the McKinsey Global Institute. She conducts economic research on financial markets, labor markets, and the global growth outlook. Her latest research includes independent work and the gig economy, digital finance in emerging markets, and how digital technologies are transforming globalization. Other recent research includes the continuing accumulation of global debt and potential risks; how digital platforms are transforming labor markets; and growth prospects for African economies in an era of lower commodity prices. She has authored numerous articles in leading business publications, including Harvard Business Review, the Financial Times, the Wall Street Journal, the Washington Post, and Foreign Affairs. Susan is a member of the Council on Foreign Relations, the National Association of Business Economists, and the Conference of Business Economists.