Jérôme Creel co-edited a book on the state of the European Union twenty years after the completion of the Euro, and the possible futures of Europe, and wrote an article about it.
“Weakened by a decade of unresolved economic crisis and shaken by the awakening of populism, the European Union (EU) project currently faces four disintegrating factors: Brexit, democratic disaffection, monetary and financial fragmentation and territorial dislocation,” explains the Associate professor of economics at ESCP Europe and Director of Sciences Po’s Research Department at OFCE (Observatoire Français des Conjonctures Economiques) in the article he wrote with the other co-editors of the Report on the State of the European Union, Volume 5: The Euro at 20 and the Futures of Europe, Éloi Laurent and Jacques Le Cacheux. “If EU member states want to escape those looming risks, they must, as they always have in the last five decades, reinvent Europe in order to save it.”
The fifth instalment of the classic Report on the European Union series offers both an economic and intellectual historical perspective on the creation of the euro and its first 20 years, a comprehensive review of the current and future challenges of the euro area, including a critical look at the different options for the reform of its governance and institutional architecture, and finally a close look at the “new euros”, i.e. the ambitious projects that could instil a new life into the stalled European project. “Twenty years after the completion of monetary union, the European project needs new positive narratives to survive, the authors add. This reinvention should start by a re-visitation: how was the euro actually achieved? What are today its biggest challenges? How can it inspire future European endeavours?”
Jérôme Creel’s research has focused on European integration, on the macroeconomics of the euro area, like fiscal and monetary policies and their interactions, and on financial stability. He has co-edited several books and journal issues, published many articles in leading economic journals in the field of macroeconomics and international economics, works periodically with the media and participates regularly in hearings and reports for the French and European Parliaments.
He recently contributed to EU reform discussions by writing a report for the European parliament, and was auditioned at the French National Assembly.