However, my perspective is that of a central banker within the Eurosystem and I will therefore focus on the macroeconomic dimension of the two main topics raised in the announcement to this plenary session. They are, broadly speaking, a stock-take of the economic environment, including the short-term outlook, and the long-term implications of the crisis for economic policy and the science of economics.
However, I would like to add another point which I regard as a linchpin between these two areas. It is the question of how to get from the state we are currently in to a hopefully more stable equilibrium, in which the lessons from the crisis have been learnt.