Head of Italian treasury department gives evidence at Lords inquiry into European economic and monetary union

11 October 2013

The House of Lords EU Sub-Committee on Economic and Financial Affairs will next Tuesday 15 October take evidence from Lorenzo Codogno, General Director of the Treasury Department at the Italian Ministry of Economy and Finance

The committee is investigating EU plans for Genuine Economic and Monetary Union (GEMU), asking how effective the plans will be and how much the UK should be involved in the proposals.

At next week’s evidence session it will hear first hand from one of the most beleaguered countries within the euro zone area, Italy, which has had one of the lowest rates of growth of any EU Member State over the past decade.

As well as heading up the Italian Treasury Department, Lorenzo Codgono is also head of the Economic and Financial Analysis and Planning Directorate at the Ministry, and has been chairman of the European Union's Economic Policy Committee.

The committee will ask Mr Codogno, via video conference, if he believes the proposals for GEMU can go some way towards solving the problems caused by the euro area crisis.

The Committee will also ask the witness questions such as:

  • Will EU reforms be enough to help Italy overhaul its sluggish growth rate?
  • Are you optimistic that more effective policy coordination can be achieved?
  • Would Italy support a separate euro area budget?
  • How realistic is the UK’s more isolationist position?

The evidence session will start at 10.45 am on Tuesday 15 October in Committee Room 1 of the House of Lords.

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