Most recently, we have experienced a crisis that, once again, will change the world as we know it – economically, politically and intellectually. It is this new unfolding landscape that provides the backdrop to my speech. I shall address two questions: “Where do we stand?” and “Where do we go from here?” Of course, it is the second question that is the tricky one.
In answering it, we should be aware that every small step we take now will determine where we stand in the future. Specifically, I shall argue that measures to ward off immediate risks to the recovery are closely interconnected with efforts to overcome the causes of the crisis.