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IN BRIEF


European Banking Expert Addresses "Mega Europe"

Aurel Schubert, director of statistics for the Austrian National Bank, enlightened Webster University faculty, staff and students on the economic challenges and opportunities that a growing, unified Europe presents to the United States.

schubert
Schubert said that by 2010, the European Union could include as many as 25 countries with 450 million people all using the same currency. "With this common currency, you open doors to new possibilities," he said. "You're building bridges between countries."

Schubert gave the Nov. 25 presentation as the University's E. Desmond Lee Visiting International Scholar in Global Awareness. Philanthropist Des Lee established the E. Desmond Lee Visiting International Lectureship in Global Awareness at Webster University in 2000 to help foster international understanding. As the Des Lee scholar, Schubert also gave presentations to the St. Louis extended business community and at Webster's new site in Winghaven with Midwest BankCentre.

At the Austrian National Bank, Schubert has headed the Foreign Research Division and served as Assistant Head, Secretariat of the Board of Executives. He is a member of the Statistics Committee of the European System of Central Banks and also a member of the Committee on Monetary, Financial and Balance of Payments Statistics of the European Union. Schubert earned his Ph.D. in economics from the University of South Carolina in 1985 and has been an adjunct professor at Webster University’s Vienna campus ever since.

Click to hear Schubert's thoughts on Europe, past and present
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Click to hear Schubert's assessment of the relationship between the U.S. and Europe
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Click to hear Schubert's take on the benefits of a unified Europe
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