IIEA Talks IIEA

In his address to the IIEA, former President of the European Council, Herman Van Rompuy, discusses current global developments and how these relate to the European challenges of our time. In Mr Van Rompuy’s opinion, these challenges include democracy, leadership, strategic autonomy, deindustrialisation, immigration, and potential institutional changes. In his remarks, he also discusses growing individualisation within the European Union and how this affects our societies and politics.

About the Speaker:

Herman Van Rompuy was the first full-time President of the European Council, a position he held from December 2009 until November 2014. At the time of his election, he was serving as the Prime Minister of Belgium. A former economist at the National Bank of Belgium, Herman Van Rompuy began his political career in 1973 as national vice-president of the youth movement of the Flemish Christian Democrats (CD&V). He served in the Belgian Parliament and in the Belgian Government in multiple positions. Having retired from politics, Mr Van Rompuy served as the President of the European Policy Centre (2015-2022) and is currently the President of the Administrative Council of the College of Europe.

Against the backdrop of increased geopolitical tensions, the relationship between the EU, its Member States, and China has continued to remain of significant importance. As the United States' relationship with China has deteriorated, the EU has increasingly sought to chart its own course vis a vis China, seeking partnerships where beneficial while ensuring its own interests are looked after. In this IIEA discussion, Finbarr Bermingham reflects on the present state of the EU's relationship with China, its challenges and opportunities, and explores what the future holds for the EU-China Relationship.

About the Speaker:

Finbarr Bermingham is a Brussels-based correspondent covering Europe's relationship with China. He is the Senior Europe Correspondent for the Hong Kong newspaper South China Morning Post, a role he has held since 2021. Over the last decade, he has reported on China through a number of different lenses. Over seven years in Hong Kong he chronicled the Chinese trade economy through the Trump years and Covid-19. Since coming to Brussels, he has charted the downward spiral in EU-China ties following Russia's invasion of Ukraine. He regularly appears on broadcast media and has won and been nominated for awards for his reporting and podcasting.

An interview with Pat Cox, part of the IIEA's Future Proofing Europe project

In their address to the IIEA, John FitzGerald and Edgar Morgenroth present their recent IIEA publication on the Northern Ireland subvention, which considers what the financial costs for the government in Ireland would be of Irish unification, using data from 2019. They discuss the findings from their paper, including that covering the Northern Ireland deficit would cost around 5% of Irish national income, and raising Northern Ireland’s public service pay rate and welfare rates to levels south of the border would cost another 5% of national income. According to FitzGerald and Morgenroth, if Northern Ireland were to immediately address the cause of its very low productivity, especially the inadequacies of its educational system, when such action matured in 25 or 30 years, this could substantially reduce the cost of unification. A quicker productivity win would also be available if Northern Ireland could persuade the large number of emigrants who are university graduates living in England to return.

About the Speakers:

John FitzGerald is Co-Chair of the Institute of International and European Affairs Economists Group, a member of the UK Group, and an Honorary Fellow, and Adjunct Professor of Economics at Trinity College Dublin. He is also a Research Affiliate at the Economic and Social Research Institute, and a Member of the Royal Irish Academy.  He was a member of the Central Bank of Ireland Commission from 2010 to 2020 and he was Chairman of the Irish government’s Climate Change Advisory Council until January 2021.

Dr Edgar Morgenroth is a member of the Institute of International and European Affairs Economists Group and UK Group, and a full Professor of Economics at DCU Business School, Dublin City University. He has held positions at the Economic and Social Research Institute (ESRI), Keele University, and the Strategic Investment Board of Northern Ireland (SIB). He is a Fellow of the UK Academy of Social Sciences and a Fellow of the Regional Studies Association, having served as its vice chairman and treasurer.

In recent years, Europe and much of the world have suffered the largest inflation shock in decades. Central banks have responded with large and rapid increases in interest rates. In his presentation to the IIEA, Philip Lane, Chief Economist of the European Central Bank, discusses the inflation outlook in the Eurozone at a time when hopes of a return to price stability are rising.

About the Speaker:

Philip R. Lane has been a Member of the six-person Executive Board of the European Central Bank since June 2019. Previously, he was the 11th Governor of the Central Bank of Ireland. Before taking on these policy-making roles, he was on the academic staff at Trinity College Dublin and remains affiliated with the university as Honorary Professor of Economics. In other roles, Philip has chaired the Advisory Scientific Committee and Advisory Technical Committee of the European Systemic Risk Board and has acted as an academic consultant for the European Commission, International Monetary Fund, World Bank, OECD and Asian Development Bank among others.

'Managing Europe’s under-performing economy'

Lucinda Creighton and Conall Mac Coille in conversation with Dan O'Brien