Skip Ribbon Commands
Skip to main content
Sign In

Date: 24/06/2019 - 24/06/2019
Location: Brussels, Belgium


What safe asset for the euro area?

Discussion with Daniel Gros, Director at the Centre for European Policy Studies (CEPS)

12:15-14:00 | Monday, 24 June 2019

Venue: ESBG premises, 11 Rue Marie-Thérèse, 1000 Brussels​

The idea of a “safe asset" for the euro area, engineered by pooling and tranching sovereign bonds, is not new. Driven by the hope of re-arranging, and thereby strengthening, the current system of sovereign bond markets, there is a significant number of voices that support this idea and publicly advocate for it. Those who support the safe asset concept for the euro area also argue that higher investments and economic growth could be triggered. Other stakeholders, by contrast, state that neither the political reality, nor the current market conditions are right to proceed with the development of a safe asset. Furthermore, many questions in the debate are still unanswered: who should issue a safe asset? Which rating would it get? Regarding the stabilisation of the bond markets, would it necessarily be more successful than an increased diversification of sovereign risks on balance sheets? We are pleased that Daniel Gros, Director at CEPS, will follow our invitation to shed some light on this debate at ESBG Spotlight event on 24 June.​



12:15 Registration
12:30 Presentation by 
Daniel Gros​
13:00 Q&As
13:15 Lunch and networking​



>> In case you have any questions, contacts us:


About the speaker

Daniel Gros has been Director at CEPS since 2000.
Among other current activities, he serves as adviser to the European Parliament and is a member of the Advisory Scientific Committee of the European Systemic Risk Board (ESRB) and the Euro 50 Group of eminent economists.
Previously he has held positions at the IMF and the European Commission, and served as advisor to several governments, including those of the UK and the US at the highest level. He is Editor of Economie Internationale and International Finance.
Daniel Gros holds a PhD. in Economics from the University of Chicago and has written several books and numerous articles in scientific journals. His main areas of expertise are the Europea​n Monetary Union, macroeconomic policy, the economics of transition to a market economy, public finance, banking and financial markets.​​

About CEPS

Founded in Brussels in 1983, CEPS is a leading think tank and forum for debate on EU affairs, ranking among the top ten non-US think tanks. With a strong in-house research capacity and an extensive network of partner institutes throughout the world, CEPS has demonstrated its ability to anticipate trends and to analyse policy questions well before they become topics of general discussion. At CEPS, researchers perform policy research on a wide range of policy areas: from the economy and finance to better regulation, the digital economy and trade, as well as energy and climate, education and innovation, foreign policy and the European integration process, or justice and home affairs.