Uploaded April 2026 | Updated September 2026, 1 week ago
The Peterson Institute for International Economics is pleased to host a high-level panel discussion on the future economic architecture of the eurozone, featuring Spanish first vice president and finance minister Carlos Cuerpo Caballero and ECB Executive Board member Isabel Schnabel, alongside leading experts Olivier Blanchard of PIIE and Ángel Ubide of Citadel.
Following opening remarks by Cuerpo Caballero, the conversation explores how much monetary policy transmission and financial stability in the eurozone depend on deeper integration, the opportunities and challenges posed by rising long-term commitments to defense spending and expanded industrial policy, and the implications for the ECB and the broader eurozone framework of proposals for Eurobonds or alternative fiscal instruments. PIIE president Adam S. Posen moderates the session.
MODERATOR
Adam S. Posen
President, PIIE
SPEAKERS
Olivier Blanchard
Senior Fellow, PIIE
Carlos Cuerpo Caballero
First Vice President and Minister for Economy, Trade, and Business, Spain
Isabel Schnabel
Member of the Executive Board, European Central Bank
Ángel Ubide
Managing Director and Head of Economic Research for Global Fixed Income and Macro, Citadel LLC
For more information, visit:
piie.com/events/2026/future-economic-architecture-eurozone
Subscribe to receive notices of upcoming PIIE events:
piie.com/subscribe
Follow the Peterson Institute for International Economics on social media!
Twitter: twitter.com/piie
LinkedIn: linkedin.com/company/piie
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The Peterson Institute for International Economics is pleased to host a high-level panel discussion on the future economic architecture of the eurozone, featuring Spanish first vice president and finance minister Carlos Cuerpo Caballero and ECB Executive Board member Isabel Schnabel, alongside leading experts Olivier Blanchard of PIIE and Ángel Ubide of Citadel.
Following opening remarks by Cuerpo Caballero, the conversation explores how much monetary policy transmission and financial stability in the eurozone depend on deeper integration, the opportunities and challenges posed by rising long-term commitments to defense spending and expanded industrial policy, and the implications for the ECB and the broader eurozone framework of proposals for Eurobonds or alternative fiscal instruments. PIIE president Adam S. Posen moderates the session.
MODERATOR
Adam S. Posen
President, PIIE
SPEAKERS
Olivier Blanchard
Senior Fellow, PIIE
Carlos Cuerpo Caballero
First Vice President and Minister for Economy, Trade, and Business, Spain
Isabel Schnabel
Member of the Executive Board, European Central Bank
Ángel Ubide
Managing Director and Head of Economic Research for Global Fixed Income and Macro, Citadel LLC
For more information, visit:
piie.com/events/2026/future-economic-architecture-eurozone
Subscribe to receive notices of upcoming PIIE events:
piie.com/subscribe
Follow the Peterson Institute for International Economics on social media!
Twitter: twitter.com/piie
LinkedIn: linkedin.com/company/piie
Bluesky: https://bsky.app/profile/piie.com

![How the war on Iran exposes global economic interconnectedness (Episode 29)
The war against Iran by the United States and Israel has spread turmoil through oil and natural gas markets, spiking prices and threatening the world economy. How will the war impact the global economy, climate, and the determination of many countries to pursue energy from renewable sources? Adnan Mazarei (PIIE) joins host Monica de Bolle to explore the ramifications of another war in Iran; what it means for oil, natural gas, and other critical input markets; and how it might affect environmental efforts and the green transition.
This podcast is produced by the Peterson Institute for International Economics.
Music by Baegel/When I Hop/Courtesy of Epidemic Sound.
Download the episode transcript [PDF] (https://www.piie.com/sites/default/files/2026-03/2026-03-24-pftp-ep29.pdf)
Learn more about Adnan Mazarei (https://www.piie.com/experts/senior-research-staff/adnan-mazarei) .
Learn more about Monica de Bolle (https://www.piie.com/experts/senior-research-staff/monica-de-bolle) . How the war on Iran exposes global economic interconnectedness (Episode 29)](https://i.ytimg.com/vi/F-ZkYINZj9E/mqdefault.jpg)








