Peter Orszag, Vice Chairman, Corporate and Investment Banking, Citigroup

2013 Washington Seminar

The biennial Seminar of the Council for the United States and Italy, organized in cooperation with the Center on the United States and Europe of the Brookings Institution and the Peterson Institute for International Economics (PIIE), took place in Washington on December 2 and 3, 2013.
The Seminar, whose theme was “The Transatlantic Agenda for 2014”, focused on energy, the Middle East, the European economy, and on the trade and investment agreement under negotiation between the EU and the US.
The first panel, “The new scenario in the energy world”, concentrated on the impact of the shale gas revolution that is taking place in the US on the domestic, global and European economy. The speakers were Paolo Colombo (Chairman, Enel), Charles Ebinger (Senior Fellow and Director, Energy Security Initiative, Brookings Institution), Amos Hochstein (Deputy Assistant Secretary for Energy Diplomacy, Department of State) and Giuseppe Recchi (Chairman, eni). The panel was chaired by Fiona Hill (Director, Center on the United States and Europe, Brookings Institution).
Tamara Cofman Wittes (Senior Fellow and Director, Saban Center for Middle East Policy, Brookings Institution), Michele Dunne (Senior Associate, Carnegie Endowment for International Peace), and Giampiero Massolo (Director General, Department for Intelligence and Security) took part in the “The Middle East” panel. From an Italian and American perspective, they talked about Iran and the fall-out of the “failed” Arab springs in North Africa. Jeremy Shapiro (Visiting Fellow, Foreign Policy, Brookings Institution) chaired the panel.
On the third panel, “Transatlantic Trade and Investment Partnership”, Gary Hufbauer (Senior Fellow, PIIE) and Ferdinando Nelli Feroci (Chairman, Istituto Affari Internazionali), together with Riccardo Perissich (Executive Vice Chairman, The Council for the US and Italy) as a chair, focused on the timing and extent of a possible deal, as well as on the potential obstacles, both in Europe and in the US.
Finally, “The European Economy Overview” panel. The speakers were Fred Bergsten (Senior Fellow and Director Emeritus, PIIE and member of President’s Advisory Committee on Trade Policy and Negotiations) and Lorenzo Bini Smaghi (Chairman, Snam and former member of the Executive Board, European Central Bank). The panel was chaired by Mario Platero (US Editor, Il Sole 24 Ore).
During a dinner hosted by the Italian Ambassador Claudio Bisogniero, the keynote speeches were given by Adam Posen (President, PIIE) and Fabrizio Saccomanni (Minister of Economy and Finance), respectively on corporate investment and related issues and on economic development in Italy. At PIIE the keynote speech was given by Peter Orszag (Vice Chairman, Corporate and Investment Banking; Chairman, Public Sector Group; Chairman, Financial Strategy and Solutions Group at Citigroup) on health care and other challenges facing the US.
Sergio Marchionne, Chairman of the Italian branch of the Council, delivered the closing remarks.