EEAG Report on the European Economy 2011

01 Mar 2011

Organised by: EEAG, KOF Swiss Economic Institute, ETH Zurich and Swiss Re Centre for Global Dialogue, Rüschlikon


The European Economic Advisory Group (EEAG) was founded in 2001. Supported by Ifo's research staff, it provides an annual report on the European economy including a growth forecast as well as other topical European themes.

The Group consists of seven internationally known economists from seven European countries, chaired by Jan-Egbert Sturm (KOF Swiss Economic Institute, ETH Zurich). It includes Giancarlo Corsetti (University of Cambridge), Michael P. Devereux (University of Oxford), John Hassler (Stockholm University), Gilles Saint-Paul (University of Toulouse), Hans-Werner Sinn (Ifo Institute for Economic Research and University of Munich) and Xavier Vives (IESE Business School).

For the very first time the EEAG Report was presented in Switzerland at the Swiss Re Centre for Global Dialogue during a session chaired by Prof. em. Niklaus Blattner. The presentations by Prof. Jan-Egbert Sturm and Prof. Michael P. Devereux focused on two topics of interest for Switzerland, the macro-economic outlook and its implications for the Swiss economy and taxation and regulation of the financial services sector after the financial crisis.

Participation in this event was by invitation only.



Registration & welcome coffee


Stephan Schreckenberg, Head Research Relations, Swiss Re Centre for Global Dialogue


Prof. em Niklaus Blattner, Chairman of the Investment Advisory Board of the University of Basel, former Vice Chairman of the Governing Board of the Swiss National Bank


Macroeconomic outlook and implications for the Swiss economy
- To what extent has the economy really recovered and have underlying structural problems been solved?
- How could the European financial regulatory system be reformed to circumvent or at least mitigate the effects of future debt crises?
- How quickly will labour markets be able to return to pre-crisis employment levels?

Prof. Jan-Egbert Sturm, ETH Zurich, KOF Swiss Economic Institute


Taxation and regulation of the Financial Sector after the crisis
- Generation of revenue as reimbursement for the costs of the crisis
- Reduction of the probability of default in individual banks or other financial institutions
- Reduction of the cost of negative externalities if banks or other systemically important institutions should fail

Prof. Michael P. Devereux , Centre for Business Taxation, Said Business School, University of Oxford


Moderated discussion and open Q&A
Chair: Prof. em. Niklaus Blattner
Panellists: Prof. Michael Devereux, Prof. Jan-Egbert Sturm





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