Since my previous speakers have already emphasized many important issues, I will focus my presentation on some selected issues on the management of the crisis from an Austrian point of view. I have structured my speech into four parts. First, I want to highlight some aspects of the crisis that are relevant for designing the proper policy response.
Then, I will talk about the reaction of economic policy in Austria. Having done that, I will turn to the effects of the crisis on Central, Eastern and Southeastern Europe (CESEE), which is of particular interest from an Austrian perspective due to the strong ties of Austria with that region.