*  *  *  I am very pleased to welcome you to the Bank of Greece for this conference, co-sponsored by the Bank of Greece and the University of Oxford through the latter’s program on South East European Studies.
The focus of this conference is the policy responses to the most severe economic and financial crisis that the world has faced since the Great Depression and the key challenges that lie ahead for South East Europe in light of the crisis. This morning, I would like to share with you some thoughts about policy responses to the crisis.