In The Room https://twentyfourtwo.substack.com/s/in-the-room en Tim Gwynn Jones The European Union behind closed doors. Tim Gwynn Jones talks to former top EU officials about the union's crisis years. twentyfourtwo.substack.com https://megaphone.imgix.net/podcasts/ddedc9fc-cb34-11ee-947c-0f3394e06186/image/411a74d133e0d2fd8d4fc2c71f823315.jpg?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress In The Room https://twentyfourtwo.substack.com/s/in-the-room no episodic The European Union behind closed doors. Tim Gwynn Jones talks to former top EU officials about the union's crisis years. Tim Gwynn Jones The European Union behind closed doors. Tim Gwynn Jones talks to former top EU officials about the union's crisis years. twentyfourtwo.substack.com The European Union behind closed doors. Tim Gwynn Jones talks to former top EU officials about the union's crisis years.


twentyfourtwo.substack.com

]]> Tim Gwynn Jones twentyfourtwo@substack.com "Market pressure was growing by the day" with Charles Dallara Charles Dallara, managing director of the Institute of International Finance from 1993–2013, talks about his crisis memoir: Euroshock: How the Largest Debt Restructuring in History Helped Save Greece and Preserve the Eurozone (Rodin Books, 2024). Dallara, who co-led a small team who negotiated a €100-billion write-off of Greek debt in 2011-12, discusses how it felt to be an American "interloper", crippling European indecision, and performative politicians. Produced by Emin Fikić at davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 19 Mar 2024 08:00:00 -0000 full 9 Tim Gwynn Jones Charles Dallara, managing director of the Institute of International Finance from 1993–2013, looks back on the world's biggest debt restructuring Charles Dallara, managing director of the Institute of International Finance from 1993–2013, talks about his crisis memoir: Euroshock: How the Largest Debt Restructuring in History Helped Save Greece and Preserve the Eurozone (Rodin Books, 2024). Dallara, who co-led a small team who negotiated a €100-billion write-off of Greek debt in 2011-12, discusses how it felt to be an American "interloper", crippling European indecision, and performative politicians. Produced by Emin Fikić at davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices Charles Dallara, managing director of the Institute of International Finance from 1993–2013, talks about his crisis memoir: Euroshock: How the Largest Debt Restructuring in History Helped Save Greece and Preserve the Eurozone (Rodin Books, 2024). Dallara, who co-led a small team who negotiated a €100-billion write-off of Greek debt in 2011-12, discusses how it felt to be an American "interloper", crippling European indecision, and performative politicians.

Produced by Emin Fikić at davidstudio.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com

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]]> 2381 no "We couldn't accept that Spain could do better than Italy" with Vincenzo Visco https://twentyfourtwo.substack.com/p/vincenzo-visco Four months after taking office in May 1996, Italian prime minister Romano Prodi flew to Valencia for a bilateral summit with his Spanish counterpart José María Aznar. Germany, France and the EU's core members were getting ready to create the euro but Italy needed more time to get its economy in order. In Valencia, Prodi lobbied Aznar to join him in a second wave but met a firm veto. "The Aznar position was very tough and somehow shocking for both Prodi and (Treasury minister) Ciampi," says Vincenzo Visco, Prodi's finance minister. "During the flight back to Italy ... Ciampi convinced Prodi to try to enter in the first group". Why and how? In The Room is a series of conversations with officials who played crucial roles in the history of the EU. Edited and produced by davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices Sun, 18 Jun 2023 19:27:00 -0000 full 8 Tim Gwynn Jones Vincenzo Visco, Italy's former finance minister, recounts the Italian-Spanish understanding that made the euro Four months after taking office in May 1996, Italian prime minister Romano Prodi flew to Valencia for a bilateral summit with his Spanish counterpart José María Aznar. Germany, France and the EU's core members were getting ready to create the euro but Italy needed more time to get its economy in order. In Valencia, Prodi lobbied Aznar to join him in a second wave but met a firm veto. "The Aznar position was very tough and somehow shocking for both Prodi and (Treasury minister) Ciampi," says Vincenzo Visco, Prodi's finance minister. "During the flight back to Italy ... Ciampi convinced Prodi to try to enter in the first group". Why and how? In The Room is a series of conversations with officials who played crucial roles in the history of the EU. Edited and produced by davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices Four months after taking office in May 1996, Italian prime minister Romano Prodi flew to Valencia for a bilateral summit with his Spanish counterpart José María Aznar. Germany, France and the EU's core members were getting ready to create the euro but Italy needed more time to get its economy in order. In Valencia, Prodi lobbied Aznar to join him in a second wave but met a firm veto. "The Aznar position was very tough and somehow shocking for both Prodi and (Treasury minister) Ciampi," says Vincenzo Visco, Prodi's finance minister. "During the flight back to Italy ... Ciampi convinced Prodi to try to enter in the first group". Why and how?

In The Room is a series of conversations with officials who played crucial roles in the history of the EU.

Edited and produced by davidstudio.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 2844 no "He was definitely not amused" with Lex Hoogduin https://twentyfourtwo.substack.com/p/lex-hoogduin On 1 June, the European Central Bank will celebrate its 25th birthday. After its tumultuous teenage years, it's easy to forget its first uncertain steps. In this new episode of In The Room, Lex Hoogduin looks back to his time as right-hand man to the ECB's first president - managing the behind-the-scenes politics and developing the strategy - and at how, in his view, the central bank has since strayed from its mandate. In The Room is a series of conversations with officials who played crucial roles in the history of the EU. Edited and produced by davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 05 May 2023 15:53:00 -0000 full 7 Tim Gwynn Jones Lex Hoogduin, close aide to the European Central Bank's first president, recalls the ECB's first years. On 1 June, the European Central Bank will celebrate its 25th birthday. After its tumultuous teenage years, it's easy to forget its first uncertain steps. In this new episode of In The Room, Lex Hoogduin looks back to his time as right-hand man to the ECB's first president - managing the behind-the-scenes politics and developing the strategy - and at how, in his view, the central bank has since strayed from its mandate. In The Room is a series of conversations with officials who played crucial roles in the history of the EU. Edited and produced by davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices On 1 June, the European Central Bank will celebrate its 25th birthday. After its tumultuous teenage years, it's easy to forget its first uncertain steps. In this new episode of In The Room, Lex Hoogduin looks back to his time as right-hand man to the ECB's first president - managing the behind-the-scenes politics and developing the strategy - and at how, in his view, the central bank has since strayed from its mandate.

In The Room is a series of conversations with officials who played crucial roles in the history of the EU.

Edited and produced by davidstudio.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3133 no "Now maybe we're a bit spoiled" with Klaus Regling https://twentyfourtwo.substack.com/p/klaus-regling As the man who built and ran Europe's financial "firewalls" (the EFSF and ESM) from 2010-2022, Klaus Regling was a central figure in the euro crisis. In this new episode of In The Room, he looks back not just on those 12 tumultuous years but on his time as the European Commission's top economic official and as an architect of Europe's monetary union. In The Room is a series of conversations with officials who played crucial roles in the recent history of the EU. Edited and produced by davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices Sat, 04 Mar 2023 08:34:00 -0000 full 6 Tim Gwynn Jones Klaus Regling, the man who built and ran Europe's financial "firewalls" from 2010-2022, looks back on a tumultuous crisis decade. As the man who built and ran Europe's financial "firewalls" (the EFSF and ESM) from 2010-2022, Klaus Regling was a central figure in the euro crisis. In this new episode of In The Room, he looks back not just on those 12 tumultuous years but on his time as the European Commission's top economic official and as an architect of Europe's monetary union. In The Room is a series of conversations with officials who played crucial roles in the recent history of the EU. Edited and produced by davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices As the man who built and ran Europe's financial "firewalls" (the EFSF and ESM) from 2010-2022, Klaus Regling was a central figure in the euro crisis. In this new episode of In The Room, he looks back not just on those 12 tumultuous years but on his time as the European Commission's top economic official and as an architect of Europe's monetary union.

In The Room is a series of conversations with officials who played crucial roles in the recent history of the EU.

Edited and produced by davidstudio.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 2762 no "We backed down and we started again" with Andrew McDowell https://twentyfourtwo.substack.com/p/andrew-mcdowell In 2011, a new Irish coalition took office under Enda Kenny only four months after its predecessor was forced to seek a sovereign bailout. It was left to the Kenny government to pick up the pieces after the collapse of the debt-fuelled “Celtic Tiger” and negotiate a better deal. From 2011-2016, Andrew McDowell was at Kenny’s side as his head of programme implementation and chief economic adviser – bargaining with (among others) German Chancellor Angela Merkel and two European Central Bank presidents. In The Room is a series of conversations with officials who played crucial roles in the recent history of the EU. Glossary: bit.ly/3KduEUe. Edited and produced by davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 17 Feb 2023 11:38:00 -0000 full 5 Tim Gwynn Jones Andrew McDowell, Ireland's top economic official from 2011-2016, relives euro crisis brinksmanship In 2011, a new Irish coalition took office under Enda Kenny only four months after its predecessor was forced to seek a sovereign bailout. It was left to the Kenny government to pick up the pieces after the collapse of the debt-fuelled “Celtic Tiger” and negotiate a better deal. From 2011-2016, Andrew McDowell was at Kenny’s side as his head of programme implementation and chief economic adviser – bargaining with (among others) German Chancellor Angela Merkel and two European Central Bank presidents. In The Room is a series of conversations with officials who played crucial roles in the recent history of the EU. Glossary: bit.ly/3KduEUe. Edited and produced by davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices In 2011, a new Irish coalition took office under Enda Kenny only four months after its predecessor was forced to seek a sovereign bailout. It was left to the Kenny government to pick up the pieces after the collapse of the debt-fuelled “Celtic Tiger” and negotiate a better deal. From 2011-2016,

Andrew McDowell was at Kenny’s side as his head of programme implementation and chief economic adviser – bargaining with (among others) German Chancellor Angela Merkel and two European Central Bank presidents.

In The Room is a series of conversations with officials who played crucial roles in the recent history of the EU.

Glossary: bit.ly/3KduEUe.

Edited and produced by davidstudio.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3114 no "Trust was thin on the ground" with Georges Heinrich https://twentyfourtwo.substack.com/p/georges-heinrich As the right-hand man to Jean-Claude Juncker (chairman of the Eurogroup from 2005-13) and vice president of the Euro Working Group from 2011-14, Georges Heinrich found himself in the eye of the euro's financial storm in his late-30s. "Eventually, the right decisions were taken. Solidarity did prevail. Everybody chipped in,” he says. “But we had very, very long discussions on how to split the bill or whether to do a runner and leave one or two guys at the table who aren't so fit and who will then have to answer to the police or wash up the dishes". Edited and produced by davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 06 Jan 2023 12:18:00 -0000 full 4 Tim Gwynn Jones Georges Heinrich, right-hand man to the Eurogroup's chairman from 2005-2013, recounts the EU's hesitant crisis response. As the right-hand man to Jean-Claude Juncker (chairman of the Eurogroup from 2005-13) and vice president of the Euro Working Group from 2011-14, Georges Heinrich found himself in the eye of the euro's financial storm in his late-30s. "Eventually, the right decisions were taken. Solidarity did prevail. Everybody chipped in,” he says. “But we had very, very long discussions on how to split the bill or whether to do a runner and leave one or two guys at the table who aren't so fit and who will then have to answer to the police or wash up the dishes". Edited and produced by davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices As the right-hand man to Jean-Claude Juncker (chairman of the Eurogroup from 2005-13) and vice president of the Euro Working Group from 2011-14, Georges Heinrich found himself in the eye of the euro's financial storm in his late-30s. "Eventually, the right decisions were taken. Solidarity did prevail. Everybody chipped in,” he says. “But we had very, very long discussions on how to split the bill or whether to do a runner and leave one or two guys at the table who aren't so fit and who will then have to answer to the police or wash up the dishes".

Edited and produced by davidstudio.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3942 no "Look into my eyes: you're gonna go bankrupt" with Thomas Wieser https://twentyfourtwo.substack.com/p/thomas-wieser Eurozone finance ministers coordinate policy through the Eurogroup and its engine room is the Euro Working Group - a committee of top treasury officials from member states and the European Commission. Elected as the EWG's first full-time president in 2009, Thomas Wieser became the one true constant through the tsunami of solvency crises that hit Greece, Ireland, Portugal, Spain, and Cyprus and threatened Italy, and the construction of the EU's financial firewalls. For the Obama Treasury, he was the answer to Henry Kissinger's famous question: "Who do I call if I want to call Europe?" Listen to his account of a truly unique European career. Edited and produced by davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 09 Dec 2022 11:09:00 -0000 full 3 Tim Gwynn Jones Thomas Wieser, the euro area's top financial official from 2011-18, discusses the Greek crisis Eurozone finance ministers coordinate policy through the Eurogroup and its engine room is the Euro Working Group - a committee of top treasury officials from member states and the European Commission. Elected as the EWG's first full-time president in 2009, Thomas Wieser became the one true constant through the tsunami of solvency crises that hit Greece, Ireland, Portugal, Spain, and Cyprus and threatened Italy, and the construction of the EU's financial firewalls. For the Obama Treasury, he was the answer to Henry Kissinger's famous question: "Who do I call if I want to call Europe?" Listen to his account of a truly unique European career. Edited and produced by davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices Eurozone finance ministers coordinate policy through the Eurogroup and its engine room is the Euro Working Group - a committee of top treasury officials from member states and the European Commission. Elected as the EWG's first full-time president in 2009, Thomas Wieser became the one true constant through the tsunami of solvency crises that hit Greece, Ireland, Portugal, Spain, and Cyprus and threatened Italy, and the construction of the EU's financial firewalls. For the Obama Treasury, he was the answer to Henry Kissinger's famous question: "Who do I call if I want to call Europe?" Listen to his account of a truly unique European career.

Edited and produced by davidstudio.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 3914 no "Reality took its revenge" with Ramon Fernandez https://twentyfourtwo.substack.com/p/ramon-fernandez Ramon Fernandez, the director-general of the French Treasury 2009-14, reminisces on the euro crisis years – the early signals that “something was wrong” in Greece, the calamitous Deauville summit, managing two power centres in Berlin, working with Emmanuel Macron, and bargaining with the European Central Bank. Edited and produced by davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 11 Nov 2022 20:24:00 -0000 full 2 Tim Gwynn Jones Ramon Fernandez, director-general of the French Treasury from 2009-2014, relives the euro debt crisis. Ramon Fernandez, the director-general of the French Treasury 2009-14, reminisces on the euro crisis years – the early signals that “something was wrong” in Greece, the calamitous Deauville summit, managing two power centres in Berlin, working with Emmanuel Macron, and bargaining with the European Central Bank. Edited and produced by davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices Ramon Fernandez, the director-general of the French Treasury 2009-14, reminisces on the euro crisis years – the early signals that “something was wrong” in Greece, the calamitous Deauville summit, managing two power centres in Berlin, working with Emmanuel Macron, and bargaining with the European Central Bank.

Edited and produced by davidstudio.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 2633 no "Putin united Europe" with Erkki Liikanen https://twentyfourtwo.substack.com/p/erkki-liikanen A key member of the European Central Bank's governing council (2004–2018), European Commissioner (1995–2004), negotiator for Finland's accession to the EU (1990–1994), and Finnish finance minister (1987–1990) looks back on an extraordinary three decades and forward to Europe after Ukraine. Edited and produced by davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices Sat, 24 Sep 2022 09:32:00 -0000 full 1 Tim Gwynn Jones Erkki Liikanen, former European commissioner and European Central Bank governor, reflects on three decades at the top A key member of the European Central Bank's governing council (2004–2018), European Commissioner (1995–2004), negotiator for Finland's accession to the EU (1990–1994), and Finnish finance minister (1987–1990) looks back on an extraordinary three decades and forward to Europe after Ukraine. Edited and produced by davidstudio. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices A key member of the European Central Bank's governing council (2004–2018), European Commissioner (1995–2004), negotiator for Finland's accession to the EU (1990–1994), and Finnish finance minister (1987–1990) looks back on an extraordinary three decades and forward to Europe after Ukraine.

Edited and produced by davidstudio.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit twentyfourtwo.substack.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

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