EMU Reform and the Proposed European Monetary Fund: Essentials, Expectations and Beyond

IIEA3rd October 20181min
Heribert Hirte discussed German perspectives on the proposal for a European Monetary Fund (EMF).

 

 

Transforming the European Stability Mechanism (ESM) into a European Monetary Fund (EMF) is a central tenet of the wide-reaching Eurozone reform measures called for by French President, Emmanuel Macron, and Commission President, Jean-Claude Juncker, in 2017. In his address, Professor Hirte offered a German perspective on these ambitious proposals. He discussed the legal implications of creating an EMF, its effect on German politics, and the role of national parliaments.

 

About the Speaker:

Heribert Hirte is a member of the German Bundestag for the Christian Democratic Union (CDU). He serves as the deputy chair of the Committee on Legal Affairs and Consumer Protection and as a member of the Committee on Affairs of the European Union. He also chairs the Subcommittee on European Legal Affairs. He is a professor of law at the University of Hamburg, where he focuses on commercial law, especially on insolvency law. Professor Hirte holds law degrees from the University of Cologne, the University of Jena and the University of California, Berkeley.