The Vision
A Europe that is economically stable, embraces innovation and technology, attracts foreign capital, and encourages investment is critical to its ability to play a key role in the world. Only a strategy with support from both sides of the Atlantic will make it possible to successfully foster growth. Failing to act now will result in a Europe that is too discordant internally to be an effective partner and ally to the United States. However, by working together towards long-term growth and prosperity, Europe will remain a global leader and critical partner in future challenges, whether in internal security, international defense, or global economic governance.
As a result, the Atlantic Council has launched the “EuroGrowth Initiative.” By convening key stakeholders in different fields, working along policy recommendations, and listening to the the main concerns and opportunities around Europe, we are galvanizing a community of transatlantic supporters with the aim of addressing struggling economic growth in Europe. We aim to accomplish this by utilizing the skills and expertise of the “EuroGrowth Task Force” to create publications to shed light on the relevant issues, propose solutions, and bring attention the topic.
EuroGrowth Task Force
Chairs of the Task Force: EU Chair: José Manuel Barroso, former European Commission President
US Chair: Stuart Eizenstat, former US Ambassador to the European Union; former Deputy Secretary of the US Treasury
Members:
Anders Åslund, Resident Senior Fellow, Atlantic Council
Gordon Bajnai, Group Chief Operating Officer, Meridiam; former Prime Minister of Italy
Neil R. Brown, Director, KKR Global Institute
Courtney Geduldig, Executive Vice President, Public Affairs, S&P Global
C. Boyden Gray, former Ambassador to the European Union
Steve Hanke, Professor of Applied Economics, The Johns Hopkins University
Stefano Itri, Vice President BDT Sales, Beretta USA Corp
Andrius Kubilius, former Prime Minister of Lithuania
Laura Lane, President of Global Public Affairs, United Postal Service (UPS)
Enrico Letta, Dean of the Paris School of International Affairs (PSIA) at Sciences Po in Paris; former Prime Minister of Italy
Sir David Geoffrey Manning, former Ambassador to the United States
Andrea Montanino, Director, Global Business and Economics, Atlantic Council
Richard Morningstar, former Ambassador to the European Union; Founding Director and Chairman, Global Energy Center, Atlantic Council
Peter Scher, Chairman of the Washington, DC region, and Head of Corporate Responsibility, JPMorgan Chase & Co.
Earl Anthony Wayne, Fellow, Atlantic Council; Career Ambassador; former Assistant Secretary of State for Economic and Business Affairs
The EuroGrowth Conversation Series
Accompanying the EuroGrowth Initiative is the “EuroGrowth Conversation Series,” a recurring public discussion series where the Atlantic Council invites subject matter experts, leading policymakers, academics, and the private sector to speak in a public forum on creating higher growth in Europe.
European Commission Vice President for Jobs, Growth, Investment and Competitiveness, Jyrki Katainen, speaks about the Juncker Plan to stimulate investment in Europe at the event “A Roadmap for European Growth” for the launch of the EuroGrowth Initiative.
EuroGrowth Issue Brief Series
The EuroGrowth Project series is accompanied by the so called “EuroGrowth Issue Brief Series”, which is a series of shorter policy-oriented issue briefs that provide an opportunity to communicate urgent topics and policy recommendations in a brief, comprehensive, and effective way to policy makers as well as the wider public alike.
The IMF’s Head of Mission to Turkey explained the findings of the IMF’s recent study on the economic effects of the refugee surge in Europe during the event “The European Refugee Crisis: An Economic Opportunity”
The EuroGrowth Project Series
The EuroGrowth Project series is accompanied by the so called “EuroGrowth Issue Brief Series”, which is a series of shorter policy-oriented issue briefs that provide an opportunity to communicate urgent topics and policy recommendations in a brief, comprehensive, and effective way to policy makers as well as the wider public alike.
As experts on transatlantic business and economics, the Task Force addresses major micro and structural features of the proper environment for European growth to fully flourish, entitled the “EuroGrowth Project Series.”
The most recent report from the EuroGrowth Initiative, “The EU’s Capital Markets Union: Unlock Investment Through Gradual Integration” provides a brief overview of the Capital Markets Union’s (CMU’s) action plan and accompanying initiatives and the progress achieved during its first year. Zdenek Kudrna discusses multiple goals that motivated the European Commission to develop the CMU and assesses the likely impact of Brexit, which represents both a major blow and a major opportunity for completing the single capital market in the EU. Finally, the paper summarizes the lessons learned from similar EU initiatives over the last three decades to gauge the likelihood that the CMU will deliver on its promises.
Current Donors to the EuroGrowth Initiative
Beretta USA Corp
European Investment Bank (EIB)
J.P. Morgan Chase & Co.
United Parcel Service (UPS)
C. Boyden Gray
Stuart Eizenstat
The Atlantic Council looks forward to discussing this Initiative in further detail. For more information on how to get involved, please contact:
Marie Kasperek
Assistant Director, Global Business & Economics Program
mkasperek@atlanticcouncil.org
Image: noformat