Baltic EU Conversations 2018: Is Europe Back?
On March 23, 2018, from 10:00 until 18:00 (at the Parliament of the Republic of Latvia, Jēkaba Street 6/8) LIIA in cooperation with partners will hold a high-level international conference: Baltic EU Conversations 2018: Is Europe Back?
Please see the full event agenda here: https://ej.uz/Eu_confFinal
The debate on strengthening the European Economic and Monetary Union is part of a much broader debate on the future of the European Union, launched by the European Commission last March when it published the White Paper.
Latvia's position on the future of the EU states presents that those countries that wish to do more should have an opportunity to establish closer cooperation. It is in Latvia's interest to be a part of EU core. As for the strengthening of the EMU, then we have been focusing on concrete work - in December, we made proposals marking up to 2025. The best way to prepare for the future economic shocks is to build a sustainable economy, this requires aimed structural reforms, and we have proposals to support the work of the EU Member States.
First of all, create an instrument for implementing the reform, financially supporting structural reforms. Secondly, as we have already received a huge demand from the EU Member States, we have to increase the budget for the structural reform program, Latvia is also active in this field. Thirdly, support for countries that want to join the eurozone. However, the possibility of new economic shocks can never be ruled out, and European crisis-management mechanisms need to be strengthened.
The EC proposes to create a fiscal stabilization function for the euro area in support of investment in the affected countries and to strengthen the European Stability Mechanism by transforming it into a European Monetary Fund. Participation in the EU has provided Latvia with an opportunity to develop economically and socially, to integrate into global processes and overcome crises.
But the EU is not only an economic union, it is a union of free and democratic countries that advocate European values. Europe also has a kind of safety net for us. Latvia should play an active role in strengthening the EU in order to find the best balance between the new challenges facing the EU and development goals. Strong Europe means security and prosperity for Latvia as well.
The event is organised by LIIA together with the European Commission Representation in Latvia and the Parliament of the Republic of Latvia and the European Parliament Information Bureau in Riga, with the support of the Latvian Ministry of Foreign Affairs and the Institute of International Relations and Political Science at the University of Vilnius.
Published 21 March 2018