The Austrian Economics Center (AEC), in cooperation with over 40 leading think-tanks and universities across Europe and the Caucasus, and in association with international partners such as Global Philanthropic Trust, Liberty Fund, FreedomWorks, European Students for Liberty and the F.A. v. Hayek Institut, are proud to present the 6th Annual Free Market Road Show®
“Emergencies have always been the pretext on which the safeguards of individual liberty have been eroded” –F.A. v. Hayek
This years topic focuses on:
“To Save or Not to Save: Will austerity programs alone save Europe?”
Some observers think austerity programs and extended credit lines will solve the Euro-zone crisis. The implementation of the European Stability Mechanism, for example, has seemed like an ideal solution to some people; but others think it will lead to an even worse crisis and a loss of national sovereignty. The consequences of this would be incalculable.
Unfortunately, recent efforts to save Europe have done little to remedy the situation. The EU has tried to fight the consequences of the financial crisis by attempting to harmonize the fiscal policies of its member states and unifying the most diverse continent on Earth into a stronger political union. In fact, the lack of a real growth plan among European leaders despite the need for urgent structural reforms may be contributing to the creation of a negative growth spiral that could severely damage Europe — and affect future generations for years to come.
Have European leaders forgotten that Europe’s strength lies in its diversity? Do they not realize that Europe’s former economic dynamism depended on freedom and high educational standards? What kind of Europe do EU leaders think they are creating with every attempt to coordinate, harmonize and unify the policies of its member states?
Europe needs to be reinvented. It needs to stop focusing solely on short-term damage control and look beyond the current crisis — and start thinking long-term about how best to manage its resources and implement real structural reforms.
The 2013 Free Market Road Show® will bring together leading business people, outstanding scholars and students, opinion leaders, policy experts, elected officials, diplomats and other interested parties from across Europe to discuss these questions. Panel discussions at each conference stop along the Road Show will consider the current Euro-zone crisis, explore what kind of Europe people want, examine the ‘conundrum’ in which the European Union finds itself in and discuss ways to turn the current crisis into an opportunity
Dr. Barbara Kolm