On May 20-21, ADEMU will be holding a workshop that addresses this subject at the European University Institute in Florence.
As it has been recognized in the Four and Five Presidents’ Reports (2012 and 2015), the European Union – and, in particular, the Euro Area – needs mechanisms and institution capable of absorbing the impact of shocks across states and regions, something which, to a large extent, is automatically accomplished through the central budget in federal states. Similarly, there have been proposals to enhance European risk-sharing in specific domains, such as European Banking Union Deposit Insurance or European Unemployment Insurance. The design, and the possible implementation, of risk-sharing mechanisms in a heterogeneous union without a significant federal budget, raises many questions which only appropriate research can fully and properly answer.
The full programme of this workshop can be downloaded here.