Luncheon Discussion: “September 2012: Has the European Central Bank decision marked the turning point of the Eurozone crisis?”
Host / Sponsor: Eurocham / Austrocham
Event Time: Fri 09-Nov-2012 12:00 PM
Venue: The Hong Kong Bankers Club, 43/F, Gloucester Tower, The Landmark, 16 Des Voeux Road Central, Central

The European Chamber of Commerce in Hong Kong, thanks to partial EU funding, and the Austrian Chamber of Commerce Hong Kong were delighted to co-host a Luncheon Discussion: “September 2012: Has the European Central Bank decision marked the turning point of the Eurozone crisis?” on 9th November 2012, with Prof. Dr. Rolf J. Langhammer of the Kiel Institute for the World Economy.

The business luncheon brought together an audience that included senior members from the Chinese General Chamber of Commerce, Hong Kong Trade Development Council, diplomats, the EU Office and members from both Chambers of Commerce that included seniors level executives and Hong Kong business owners.

The luncheon discussion was inaugurated with welcoming remarks by Paul Brough, Chairman of the European Chamber of Commerce in Hong Kong, who introduced the guest speaker and thanked the audience for attending the event.

During his presentation, Prof. Dr. Rolf J. Langhammer provided an informative and interesting presentation on various topics relating to the European Union and the Eurozone crisis:

  • The effects of returning to a sovereign currency and the social impact
  • The Euro as an international currency for reserve
  • The possibilities of debt brakes
  • Increase of support from Germany in crisis countries to stimulate structural change and real appreciation not simply domestic demand
  • A proposal for a welcomed Euro-wide banking supervision

He also suggested that the recent lending decisions made by the European Central Bank (ECB), has helped to save the Euro on from the brink of collapsing and clear up any doubts on the Eurozone crisis.

The end of the informative presentation led to an intriguing question and answer session between the audience and the guest speaker.

The event was concluded with closing remarks by Wilhelm Brauner, Chairman of the Austrian Chamber of Commerce Hong Kong, who warmly thanked Prof. Dr. Rolf J. Langhammer for sharing his insightful views with the audiences. He also expressed his great appreciation for working with the European Chamber of Commerce and for the successful cooperation between the two chambers in future events.

Partially funded by the EU

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