Charles Dallara, managing director of the Institute of International Finance from 1993–2013, talks about his crisis memoir: <a href="https://bookshop.org/a/12343/9781957588131">Euroshock: How the Largest Debt Restructuring in History Helped Save Greece and Preserve the Eurozone</a> (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 <a href="https://www.fiverr.com/davidstudio">davidstudio</a>.This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit <a href="https://twentyfourtwo.substack.com/">twentyfourtwo.substack.com</a> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

<description>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</description>

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

"Market pressure was growing by the day" with Charles Dallara

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 <a href="https://www.fiverr.com/davidstudio">davidstudio</a>.This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit <a href="https://twentyfourtwo.substack.com?utm_medium=podcast&amp;utm_campaign=CTA_1">twentyfourtwo.substack.com</a> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

<description>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</description>

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

"We couldn't accept that Spain could do better than Italy" with Vincenzo Visco

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 <a href="https://www.fiverr.com/davidstudio">davidstudio</a>.This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit <a href="https://twentyfourtwo.substack.com?utm_medium=podcast&amp;utm_campaign=CTA_1">twentyfourtwo.substack.com</a> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

<description>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</description>

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

"He was definitely not amused" with Lex Hoogduin

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 <a href="https://www.fiverr.com/davidstudio">davidstudio</a>.This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit <a href="https://twentyfourtwo.substack.com?utm_medium=podcast&amp;utm_campaign=CTA_1">twentyfourtwo.substack.com</a> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

<description>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</description>

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

"Now maybe we're a bit spoiled" with Klaus Regling

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: <a href="http://bit.ly/3KduEUe">bit.ly/3KduEUe</a>.Edited and produced by <a href="https://www.fiverr.com/davidstudio">davidstudio</a>.This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit <a href="https://twentyfourtwo.substack.com?utm_medium=podcast&amp;utm_campaign=CTA_1">twentyfourtwo.substack.com</a> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

<description>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</description>

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

"We backed down and we started again" with Andrew McDowell

The European Union behind closed doors. Tim Gwynn Jones talks to former top EU officials about the union's crisis years.

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