MES 2013: Review from 16 May - 17 May 2013

12TH MUNICH ECONOMIC SUMMIT

Relaunching Europe

16 May - 17 May 2013

Europe was supposed to have become the world’s most competitive economy by now. Instead, its Eurozone bit is fighting for survival as a currency union, while the rest is not exactly flourishing.

Uncompetitive, burdened by high debts, divided, Europe doesn’t know what it wants to be. What must be done in order to make it soar again?

PROGRAMME

Thursday, 16 May 2013

by Invitation of the City of Munich, Atrium

Welcome Address

Dieter Reiter

Counciller, Head of Department of Labour and Economic Development, City of Munich

Welcome

Jürgen Chrobog

Chairman of the Board of Directors, BMW Stiftung Herbert Quandt, Berlin and Munich

Introduction

Hans-Werner Sinn

Professor of Economics and Public Finance, University of Munich; President, Ifo Institute, Munich

Keynote Addresses

Joaquin Almunia

Vice-President and Comissioner for Competition, European Comission, Brussels

Becoming Slimmer

Europe Needs to shed its debt burden and a lot of flab. Bloated public-sector payrolls, high public and private indebtedness, wobbly Banks and underfunded welfare systems make it, in the best of cases, sluggish, and in the worst, make it sink. But how to go about it? Who should swallow the bad debts? How to Balance solidarity and feasibility? How to avoid a relapse?

Chairman

John Peet

Europe Editor, The Economist, London

Introduction

Daniel Gros

Director, Centre for European Policy Studies, Brussels

Speakers

Axel A. Weber

Chairman of the Board of Directors, UBS AG, Zurich

John Evans

General Secretary, Trade Union Advisory Committee to the OECD, Paris

Andrius Kubilius

Former Prime Minister; Leader of the Opposition, Seimas, Republic of Lithuania

Georg Milbradt

Former Minister-President, Free State of Saxony; Professor of Economics, University of Dresden

Discussion

by Invitation of the Bavarian Minister-President.

Reception, Vierschimmelsaal

Presentation Speech

Stefan Quandt

Debuty Chairman of the Supervisory Board, BMW AG; Member of the Board of Trustees, BMW Stiftung Herbert Quandt, Berlin and Munich

Welcome

Martin Zeil

State Minister of Economic Affairs, Infrastructure, Transport and Technology and Deputy Minister-President, Free State of Bavaria

PROGRAMME

Friday, 17 May 2013

Panel 2
Getting Fitter

Large swathes of the Eurozone, and of the EU at large, have become uncompetitive. For the countries involved, the road to fitness is not an easy one: it means becoming cheaper and ceasing to live beyond their means. Many of the necessary measures will run into strong opposition from vested interests and even from the citizens themselves: labour market liberalisation, ending support for lumbering national champions, adjusting the pensionable age to demographic realities, wliminateing market-distorting subsidies, bringing salaries in line with productivity or even temporariliy exiting the Eurozone. What are the most politically manageable options for regaining competitiveness?

Chairman

Jeremy Warner

Chief Economics Commentator, The Daily Telegraph, London

Introduction

Vincenzo Galasso

Professor of Economics; Director, Centre for Economic and Political Research on Aging, Università della Svizzera Italiana, Lugano

Speaker

Roland Koch

Chairman of the Executive Board, Bilfinger Berger SE, Mannheim

Agnes Bénassy-Quéré

Director, Conseil d’Analyse Èconomique, Paris; Professor, University of Paris I Panthéon Sorbonne

Pier Carlo Padoan

Deputy Secretary-General and Chief Economist, OECD, Paris

Discussion

Coffee break

Panel 3
Growing Stronger

Europe must draw on ist core strengths such as a social market economy, solidarity, unity in a wealth of diversity, and freedom of initiative to find common ground to grow closer together. Political union, banking union, fiscal union are all desirable, but in a sensible sequence. Political union, with the requisite common fiscal, financial and tax policies, calls for relinquishing sovereignty in favour of Brussels and a much deeper democratic anchoring of the European institutions. Will the pressure exerted by the crisis push the EU in that direction? Or what should it aim for?

Chairman

Stephen Fidler

Bureau Chief, The Wall Street Journal and Dow Jones Newswires, Brussels

Introduction

Harold James

Professor of History; Director, Program in Contemporary European Politics and Society and International Affairs, Princeton University

Speakers

Wolf Klinz

Member of the Committee on Economic and Monetary Affairs (ECON), European Parliament, Brussels

Jay Ralph

Member of the Board of Management of Allianz SE and Chairman of Allianz Asset Management, Munich

Werner Hoyer

President, European Investment Bank, Luxembourg; Former Minister of State, Federal Foreign Office, Federal Republic of Germany

Discussion

The available speeches of the Munich Economic Summit 2013 can be downloaded here. However, please keep in mind that the valid word is the spoken word.

Agnès Bénassy-Quéré

pdf

Jürgen Chrobog

pdf

Vincenzo Galasso

pdf

Daniel Gros

pdf

Harold James

pdf

Andrius Kublilius

pdf

Pier Carlo Padoan

pdf

Jay Ralph

pdf

Dieter Reiter

pdf

Martin Zeil

pdf

Abberger, Klaus

Section Head, Swiss Economic Institute (ETH Zürich), Zurich

Albers, Martin

President, Swiss Re Ltd, Zurich

Almunia, Joaquìn

Vice-President and Comissioner for Competition, European Comission, Brussels

Angermann, Franz

Head of Private Wealth Advisors & Financial Intermediaries, UBS Deutschland AG, Frankfurt/Main

Augustin, Stephan

Project Manager, Innovation Projects e-Mobility, BMW AG, Munich

Baecker, Ulf S.

Managing Partner, usbaecker, Hamburg; Global Spokesman, Business-cum-Academia Initiative (BcAI), Hamburg

Bartels, Robin

Managing Director, Deutsche Bank AG, Munich

Barysch, Katinka

Deputy Director, Centre for European Reform, London

Beier, Christoph

Deputy Spokesperson of the Management Board, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Eschborn

Bénassy-Quéré, Agnès

Director, Conseil d'Analyse Économique, Paris; Professor of Economics, University of Paris I Panthéon Sorbonne

Berger, Roland

Honorary Chairman, Roland Berger Strategy Consultants, Munich

Bhojwani, Sayu

Founding Director, The New American Leaders Project, New York

Bischofberger, Petra

PhD Candidate and Research Assistant, University of Bern (Handelsblatt Fellow)

Bohnen, Johannes

Founder and Partner, Bohnen Kallmorgen & Partner, Berlin; Founder and Member of the Executive Board, Atlantic Initiative e.V., Berlin

Borggreve, Hendrik

Member of the Supervisory Board, The Royal Bank of Scotland, Frankfurt/Main

Bortenlänger, Christine

Managing Director of the Board of Directors, Deutsches Aktieninstitut e.V., Frankfurt/Main

Breitsprecher, Andreas

Head of Business Relations BD Production, Vattenfall GmbH, Berlin

Brosius, Barbara

Vice Chairman, UBS Deutschland AG, Frankfurt/Main

Brunet Cid, Ferran

Professor of Economics, Universitat Autònoma de Barcelona

Bürger, Michaela

Owner, Michaela Bürger Consulting, Munich

Calhoun-Senghor, Keith

Senior Counsel, Norton Rose LLP, Munich

Chapalapalli, Sapthagiri

Director Central Europe, Tata Consultancy Services Deutschland GmbH, Frankfurt/Main

Chrobog, Jürgen

State Secretary (ret.); Chairman of the Board of Directors, BMW Stiftung Herbert Quandt, Berlin and Munich

Crosby, John R.

Political and Economic Officer, Consulate General of the United States, Munich

Dempf, Robert

Head of the Germany Section, Oberbank AG, Munich

Dieter, Heribert

Senior Fellow, Research Unit Global Issues, German Institute for International and Security Affairs (SWP), Berlin

Dometeit, Gudrun

Deputy Head Political Desk, Focus Magazine, Munich

Driessen, Peter

Chief Executive Officer, Chamber of Industry and Commerce for Munich and Upper Bavaria, Munich

Dumont, Peter

Founding Partner, Genius Institute, Berlin

Eder, Markus

Head of Economic Policy Unit, Bavarian State Chancellery, Munich

Evans, John

General Secretary, Trade Union Advisory Committee to the OECD, Paris

Fabricius, Michael

Founder and Managing Director, Fabricius Vermögensverwaltung GmbH, Frankfurt/Main

Fargel, Yasmin

Professor of Human Resource Management and Organization, Georg Simon Ohm University of Applied Sciences, Nuremberg; HR Manager China, BMW Group, Munich

Fargerer, Richard W.

Senior Associate, Norton Rose LLP, Munich

Faulstich, Martin

Managing Director, Clausthaler Umwelttechnik-Institut GmbH, Clausthal-Zellerfeld

Felbermayr, Gabriel

Professor of Economics, University of Munich; Head of International Trade Department, Ifo Institute, Munich

Fidler, Stephen

Bureau Chief, The Wall Street Journal and Dow Jones Newswires, Brussels

Fier, Andreas

Head of Academic Relations, Deutsche Telekom AG, Bonn

Friedrich, Ingo

President, European Economic Senate, Munich; Former Vice President, European Parliament, Brussels

Galasso, Vincenzo

Professor of Economics, Università della Svizzera Italiana, Lugano

Goldstein, Andy

Executive Director, LMU Entrepreneurship Center, Munich

Gros, Daniel

Director, Centre for European Policy Studies, Brussels

Grove, Nico

Assistant Professor, Infrastructure Economics & Management, Bauhaus University of Weimar

Gushurst, Klaus-Peter

Spokesperson of the Management and Member of the worldwide Board of Directors, Booz & Company GmbH, Munich

Haindl, Elisabeth

Former City Councillor, Frankfurt/Main

Handschuch, Konrad

Head of Politics Section, Wirtschaftswoche, Düsseldorf

Häring, Norbert

Editor, Handelsblatt, Frankfurt/Main

Hastenpflug, Wolfgang

Vice-President of Government Affairs, Siemens AG, Munich

Haufler, Andreas

Professor of Economics, Seminar for Economic Policy, University of Munich

Häusler, Gerd

Chief Executive Officer, Bayern LB, Munich

Heinzel, Claudia

Managing Director, Gustav Heinzel GmbH & Co. KG, Ergolding

Heise, Michael

Chief Economist, Allianz Group, Frankfurt/Main

Helbig, Claus

Chairman of the Board of Directors, GLL Real Estate Partners GmbH, Munich

Hellström, Mats

Former Ambassador of the Kingdom of Sweden; Former Governor, County of Stockholm

Hesse, Dominik

Managing Partner, Cannonball Capital GmbH, Munich

Heusler, Hans-Joachim

Managing Director, Bavarian Bureau for International Business Relations, Munich

Hieber, Otto

Assessor jur. Munich

Hipp, Markus

Executive Director, BMW Stiftung Herbert Quandt, Berlin and Munich

Hofmann, Jürgen

Secretary General, Wirtschaftsbeirat der Union. e.V., Munich

Holzhausen, Arne

Vice-President, Head of Insurance and Wealth Markets, Allianz SE, Munich

Hopkins, Kathryn

Economics Correspondent, The Times, London

Hörger, Axel

Chairman of the Board, UBS Deutschland AG, Munich

Hoyer, Werner

President, European Investment Bank, Luxembourg; Former Minister of State, Federal Foreign Office, Federal Republic of Germany

Hueck, Thomas

Chief Economist, Robert Bosch GmbH, Stuttgart

Hüfner, Martin W.

Chief Economist, Assenagon GmbH, Munich

Hummel, Jan

Managing Director, Paradigm Capital AG, Grünwald

Irmen, Andreas

Professor of Economics, University of Luxembourg

Irwin, Fred B.

President, American Chamber of Commerce in Germany e.V., Frankfurt/Main; Vice Chairman, Citigroup Global Markets Deutschland AG & Co. KGaA, Frankfurt/Main

James, Harold

Professor of History, Woodrow Wilson School, Princeton University

Janas, Christian

Head Munich Branch, UBS Deutschland AG, Munich

Janes, Jackson

Executive Director, American Institute for Contemporary Studies, The Johns Hopkins University, Washington, DC

Javorcik, Beata

Professor of International Economics, University of Oxford

de Jonquières, Guy

Senior Fellow, European Centre for International Political Economy, London

Joras, Andrea

Head of Department "Nachhaltigkeitsmarkt Deutschland", Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Berlin

Lady Judge, Barbara

Chairman, Pension Protection Fund, London

Jungen, Peter

Chairman Peter Jungen Holding GmbH, Governing Board Member of the Institute for New Economic Thinking, Chairman Project Syndicate

Justenhoven, Petra

Leading Partner Audit, PricewaterhouseCoopers AG, Munich

Kanniainen, Vesa

Professor of Economics, Department of Political and Economic Studies, University of Helsinki

Kaps, Franz H.

Former Senior Partnership Advisor, Europe and Central Asia Region, World Bank, Munich

Kapusta, Alexandra

Director, Bethmann Bank AG, Munich

Kastner, Christine

Managing Director, Amazett Verwaltungs GmbH, Munich

Keitel, Stefan

Chief Investment Officer, Berenberg Bank

Kilian, Axel

One Market Head UHNW Germany, UBS Deutschland AG, Frankfurt/Main

Kistenfeger, Hartmut

Head of Press and Public Relations, Foundation for Family Business, Munich

Klava, Ilgvars

Ambassador of the Republic of Latvia, Berlin

Klinz, Wolf

Member of the Committee on Economic and Monetary Affairs, European Parliament, Brussels

Koch, Roland

Chairman of the Executive Board, Bilfinger Berger SE, Mannheim; Former Minister-President, State of Hesse

Koller, Günter

Chief Executive Officer, Wilhelm von Finck Hauptverwaltung GmbH, Grasbrunn

Kostantinidis, Stavros

Lawyer, Gollob Rechtsanwälte - Steuerberater, Munich

Kozikowski, Michael

Managing Partner, Fiducon GmbH, Freising

Krass, Volker

Founder and Chairman of the Board, Krass Capital Group AG, Gräfelfing

Kremer, Gerd

Managing Director, GLL Real Estate Partners GmbH, Munich

Krumbach, Horst

Founder and Chairman, Generationsbrücke Deutschland, Aachen

Kubilius, Andrius

Former Prime Minister; Leader of the Opposition, Seimas, Republic of Lithuania

Leeb, Thomas

Head of Munich Office and International Relations, BMW Stiftung Herbert Quandt, Munich

Legrenzi, Gabriella

Programme Director, Keele Management School

Lenz, Andreas

Rolvering, Germann & Effing Unternehmensberatung (Handelsblatt Fellow)

Leuchtenberger, Rolf

Member of the Supervisory Board, European Economic Forum (EWiF), Hamburg

Leyh, Klaus G.

Deputy Chief Executive Officer, Swiss Life Deutschland Holding GmbH, Munich

Ludewig, Johannes

Chairman of the National Regulatory Control Council, Federal Chancellery, Berlin

Maihöfer, Rolf D.

Head of Public Sector, Germany and Austria, Citigroup Global Markets Deutschland AG & Co. KGaA, Frankfurt/Main

Mair, Stefan

Member of the Executive Board, Federation of German Industries (BDI), Berlin

Martin, József Péter

Columnist, Origo.hu; Co-Chair, Transparency International Hungary, Budapest

Martinsohn, Udo

Former Member of the Board, Swiss Re Europe Holdings S.A., Unterföhring

Marzocca, Bianca

General Secretary, Bavarian Academy of Sciences and Humanities, Munich

Matulionis, Deividas

Ambassador of the Republic of Lithuania, Berlin

Mehta, Gaurav

Founder and Chief Executive Officer, Project Dharma, Gajam India Pvt. Ltd. New Delhi

Mettler, Henning

Head of Finance, Concordia Versicherungen, Hanover

Metzger, Oswald

Freelance Journalist and Political Advisor, Ravensburg

Milbradt, Georg

Former Minister-President, Free State of Saxony; Professor of Economics, University of Dresden

Moeller, William E.

Consul General of the United States, Consulate General of the United States, Munich

Möhlmann, Axel

Postdoctoral Researcher, University of Hanover (Handelsblatt Fellow)

Mosdorf, Siegmar

State Secretary (ret.); Partner, Communication and Network Consulting AG, Berlin

Müller, Kay

Chief Financial Officer, Allianz Real Estate, Munich

Naef, André

Head Germany Onshore, Coutts & Co AG, Zurich

Nitsch, Volker

Professor of Economics, Darmstadt University of Technology

Northoff, Thomas

Partner, Deloitte & Touche GmbH, Munich

Nowak, Jamie

Partner, Norton Rose LLP, Munich

Fürst zu Oettingen-Spielberg, Albrecht

Chairman, Association of Bavarian Landowners, Oettingen

Ohoven, Mario

President, The German Association for Small and Medium-sized Businesses, Berlin/Düsseldorf

Onan, Geert

Director of Finance, Arthrex, Gräfelfing

Ostermann, Marie-Christine

Managing Partner, Rullko Großeinkauf GmbH & Co. KG, Hamm; Chairwoman of the German Association of Young Entrepreneurs, Berlin

Padoan, Pier Carlo

Deputy Secretary-General and Chief Economist, Organisation for Economic Co-operation and Development (OECD), Paris

Pearson, Clare

Corporate Social Responsibility Manager Asia, DLA Piper UK LLP, Beijing

Peet, John

Europe Editor, The Economist, London

Pfister, Jürgen

Chief Economist and Head of Research, Bayerische Landesbank, Munich

Potrafke, Niklas

Professor of Economics, University of Munich; Head of Public Finance Department, Ifo Institute, Munich

Potrafki, Birgit

Commercial Plant Manager, Bosch Rexroth AG, Homburg

Poutvaara, Panu

Professor of Economics, University of Munich; Head of International Institutional Comparisons Department, Ifo Institute, Munich

Quandt, Stefan

Deputy Chairman of the Supervisory Board, BMW AG; Member of the Board of Trustees, BMW Stiftung Herbert Quandt, Berlin and Munich

Ralph, Jay

Member of the Board of Management of Allianz SE and Chairman of Allianz Asset Management, Munich

Reich, Hans Werner

Chairman of the Supervisory Board, Citigroup Global Markets Deutschland AG & Co. KGaA, Frankfurt/Main

Reiter, Dieter

Councillor, Head of the Labour and Economic Development Department, City of Munich

Richardson, John B.

Special Adviser on Maritime Affairs, FIPRA International, Brussels; Senior Fellow, German Marshall Fund of the United States, Brussels

Ruppert, Ludwig

Wilhelm von Finck Hauptverwaltung GmbH, Grasbrunn

Rupprecht, Stephan

Partner, Hauck & Aufhäuser Privatbankiers KGaA, Munich

Ryan, John

Fellow, Centre for International Studies, London School of Economics and Political Science

Saavedra, Julio C.

Director, External Relations, CESifo GmbH

Schmidt, Thomas

Vice Chairman, CDU Parliamentary Group, Saxon State Parliament, Dresden

Schmidt-Jortzig, Edzard A.

Attorney-at-law and Founding Partner, Schmidt-Jortzig Petersen Penzlin, Hamburg

Schmieding, Daniel

Analyst, KrisDan Investments LP, Munich

von Schoeler, Leonard

Munich

Schön, Wolfgang

Director, Max Planck Institute for Intellectual Property, Competition and Tax Law, Munich; Vice-President, Max-Planck-Society, Munich

Schreckenberg, Stephan

Head Risk Research Relations, Swiss Reinsurance Company, Zurich

Schü, Joachim

Managing Partner, Consileon Business Consultancy GmbH, Munich

Schumann, Alexander

Chief Economist, Association of German Chambers of Commerce and Industry, Berlin

Seeger-Regling, Sabine

EU Correspondent, VDI Nachrichten, Brussels

Seidensticker, Franz-Josef

Senior Advisor, Bain & Company

Septon, Issac

Chief Investment Officer, The Observatory, New York

Shamsrizi, Manouchehr

Master of Public Policy, Humboldt-Viadrina School of Governance, Berlin (Handelsblatt Fellow)

Siemens, Oltmann G.

Co-Chairman, Advisory Board, Interlease Invest Group AG, Berlin

Simms, Brendan

Professor in the History of International Relations, University of Cambridge

Sinn, Hans-Werner

Professor of Economics and Public Finance, University of Munich; President, Ifo Institute, Munich

Sozbilir, Mehmet

Chairman, Kilazzi Holdings, Istanbul

Spillmann, Markus

Editor-in-Chief, Neue Zürcher Zeitung, Zurich

Steen, Michael

Bureau Chief, Financial Times, Frankfurt/Main

Stoll, Ulrich

Vice-Chairman of the Supervisory Board, Festo AG & Co. KG, Esslingen

Stricker-Kellerer, Sabine

Senior China Counsel, Freshfields Bruckhaus Deringer, Munich

Sturm, Hermann

President, Union of Medium-Sized Companies, Munich

Theil, Stefan

Senior Fellow, Lisbon Council for Economic Competitiveness, Brussels; Harvard Fellow, Harvard Shorenstein Center on the Press and Public Policy, Cambridge

Trischler, Josef

Member of the Executive Board, Verband Deutscher Maschinen- u. Anlagenbau e.V. (VDMA), Frankfurt/Main

Vogel, Jörg

Head of Department for European Policy and International Relations, Bavarian State Chancellery, Munich

Wacker, Peter-Alexander

Supervisory Board Chairman, Wacker Chemie AG, Munich

Wade, Timothy

Chief Operating Officer, Waste Enterprise Ltd., Accra

Warner, Jeremy

Economics Columnist, The Daily Telegraph, London

Weber, Axel A.

Chairman of the Board of Directors, UBS AG, Zurich

Wendeln, Bernhard Jan

Managing Director, WEGA Support GmbH, Munich

Wernicke, Sonja

Lecturer, FOM Hochschule für Oekonomie & Management University of Applied Sciences, Essen (Handelsblatt Fellow)

Wiechers, Ralph

Chief Economist, Verband Deutscher Maschinen- und Anlagenbau e.V., Frankfurt/Main

Wiesheu, Otto

President, Economic Advisory Board of the Christian Democratic Union, Munich

Wolf, Silke

Managing Director, Association of German Banks, Berlin

Wörner, Herbert

Head of Supervisory Board, Euro Asia Consulting PartG (EAC), Munich; Senior Advisor, Monitor Group, Munich

von Wrede, Carl

Executive Director, Morgan Stanley Bank AG, Munich

Zeil, Martin

State Minister of Economic Affairs, Infrastructure, Transport and Technology and Deputy Minister-President, Free State of Bavaria

Zeitler, Franz-Christoph

Former Member of the Executive Board, Deutsche Bundesbank, Frankfurt/Main

Zemaitaitis, Remigijus

Chairman, Committee on Economics, Parliament of the Republic of Lithuania, Vilnius

Zitzmann, Barbara

Managing Director, CapitalGate advisory GmbH, Munich

ORGANISERS

The BMW Foundation Herbert Quandt brings together people from across communities, cultures and countries to drive social innovation, facilitate global dialogue, and promote responsible leadership.We believe that our approach breaks down barriers between politics, business, academia, and non profits and allows society to benefit from the energy and creativity that result from cross-sector collaboration.

The CESifo Group Munich links the Department of Economics of the University of Munich and the Ifo Institute with the international economic research community. It also supports the international CESifo Research Network, an independent academic research community now numbering over 1270 internationally-renowned economists from around the world.

MEDIA Partner

Published in the United Kingdom since 1785, The Times has been regarded for much of its history as Britain’s newspaper of record. It plays an influential role in politics and shaping public opinion about foreign events.

The Wall Street Journal is the world’s leading business publication. Founded in 1889, it has won the Pulitzer Prize 33 times for outstanding journalism. Its European edition provides indispensable global business news and analysis to 220,000 corporate readers and decision-makers in more than 50 countries.

Handelsblatt is the leading German-language financial and business newspaper, founded 1946. Handelsblatt readers belong to the decision-makers and opinion leaders in German business and society. Around 150 reporters and correspondents around the world have become a byword for critical and analytical journalism and exclusive up-to-date reports on national and global events backed up by in-depth research. Handelsblatt is published every trading day from Monday to Friday with sections on „business and politics“ and „companies and markets“ as well as a wide range of financial and investment information.

.