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SUMMARY:Economic integration and the defence union - Valerie Herzberg (Cen
 tral Bank of Ireland)
DTSTART;VALUE=DATE-TIME:20190121T170000Z
DTEND;VALUE=DATE-TIME:20190121T184500Z
UID:https://talks.ox.ac.uk/talks/id/a7aa948a-395e-4dd3-ac40-a0deb88f72d1/
DESCRIPTION:Has Europe’s Hamilton moment arrived? On June 19\, 2018\, th
 e Meseberg declaration featured a proposal by France and Germany to establ
 ish a Eurozone budget in that spirit\, starting in 2021. However\, Europe 
 remains far from any political agreement on the assumption of common debt 
 and tax-raising capabilities\, which were the defining characteristics of 
 the role of the federal government in US economic history. Besides\, econo
 mic stabilisation was not the preoccupation of the American founding fathe
 rs. Instead\, military expenditures played a dominant role in the growth o
 f the US federal budget in the early 19th century. In essence\, the federa
 l budget was there to pay for wars and the protection of borders in order 
 to consolidate the very existence of a new political entity. Can lessons b
 e drawn for Europe today?\nSpeakers:\nValerie Herzberg (Central Bank of Ir
 eland)
LOCATION:St Antony's College - North Site (Seminar Room\, European Studies
  Centre\, 70 Woodstock Road\, Oxford OX2 6HR)
TZID:Europe/London
URL:https://talks.ox.ac.uk/talks/id/a7aa948a-395e-4dd3-ac40-a0deb88f72d1/
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DESCRIPTION:Talk:Economic integration and the defence union - Valerie Herz
 berg (Central Bank of Ireland)
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