| Speaker |
Soko Tanaka, Professor, Chuo University |
| Date |
16 April 2009 |
| Time |
17:00 - 18:30 |
| Venue |
Office Building of the Upper House |
| Language |
Japanese |
| Note |
Regular Meetings in Nagatacho |
Professor Tanaka explained that there had been three 'great leaps' forward in the integration of Europe since the establishment of the ECSC in 1952. First, the development of a single market, second, the introduction of the Euro, and third, EU enlargement to Eastern Europe. He explained that integration aimed at forming a huge and borderless market had created, on the one hand, a community of 500 million individuals, and on the other hand, a system of states with substantial economic disparities. After the financial crisis in 2008, the EU argued that financial institutions should be regulated, and this was supported at the G20 Summit. Prof. Tanaka identified the summit as a turning point in the history of 'Anglo-Saxon capitalism'.
