Last Monday 13 November, the Official Spanish Chamber of Commerce in Belgium and Luxembourg held a new lunch-debate sponsored by CACEIS, in which the Managing Director of the European Stability Mechanism, Pierre Gramegna, spoke about the challenges to financial stability in times of geopolitical instability.
The presentation began with an introduction of Pablo López-Álvarez, President of the Chamber, who thanked the participants for attending and gave a biographical review of Pierre Gramegna. Afterwards, after the intervention of Álvaro Laorden, Head of Market Services of CACEIS Luxembourg, Mr. Gramegna took the floor. He spoke about the different challenges that the Europe of the future will have to face, in relation to the global economic situation, which has recently been undergoing rapid changes. He also approached these problems from the point of view of the activity carried out by the European Stability Mechanism, of which he is Director General, reviewing the past achievements of this body in its fight to guarantee financial stability in the euro area, and in particular its work with regard to Spain.
The presentation continued with a round of questions and answers, where participants were able to ask Mr Gramegna about issues such as the future of the euro and the present and future effects of Brexit on the financial stability of the euro area as a whole.
To conclude the presentation, the vice-president of the Chamber, Joseba Arriortua, gave a commemorative trophy to Mr. Gramegna and thanked him for his participation in the event and his presentation, as well as for his past involvement with the Chamber of Commerce as an institution.
From the Chamber, we want to express our special thanks to the Bocopa winery, to CACEIS, and to all the attendees, who made this lunch-debate a very special one.