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fantastic panel for you here on a extremely important topic that has been in preparation certainly in the commission for several years now namely the reform of the economic meaning mainly fiscal governance framework of the European Union and so here with me are Martin fave Victoria Gaspar Carlos cuerpo um and alankaj I will introduce them individually when the attorneys let me just give you a few words of introduction so this has been an intellectually and politically extremely challenging topic its intellectually very challenging because we are trying to meet many objectives with these fiscal rules and it is politically very challenging because reform ideas have been very divisive across Europe and so it was a good sign when in the last nine months or so three member states two jointly wrote short papers that defined objectives for the reform of the fiscal rules which seem to go into the direction of something like a consensus that could maybe transcend the traditional north-south di
