Former Italian Prime Minister and Governor of Bank of Finland to give evidence on euro area crisis

07 February 2014

The House of Lords EU Sub-Committee on Economic and Financial Affairs will next week hear evidence as part of its ongoing investigation into the euro area crisis.

On Tuesday 11 February the Committee will question, via videoconference, Senator Mario Monti, former Prime Minister of Italy, and Erkki Liikanen, Governor of Bank of Finland and Chair of the Liikanen Group on EU bank structural reform, on the long-term prospects for the euro area, how well the European Central Bank has coped with the crisis, how much of a problem are the stuttering economies of France and Italy, and the risks posed by deflation.

Senator Mario Monti will also be asked about the effectiveness of the reforms he put in place while he was Prime Minister.

The session also represents an opportunity to question Erkki Liikanen on his views of the Commission’s proposals on banking reform, and whether they have sufficiently heeded the recommendations in the Liikanen report. This report was commissioned to look at banking reforms across the EU, and was published in late 2012.

The first part of the session, on Tuesday 11 February, starts at 9.40am with evidence from Mario Monti, and continues with evidence in part two from Erkki Liikanen at 11.00am. It is being held in Committee Room 1.

The session will be webcast at and is also open to the public. Journalists wishing to attend should go to Parliament’s Cromwell Green Entrance and should allow time for security screening.

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