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Crisis, we will also touch upon the European Union, european commissions, broader Economic Policy agenda as we hopefully recover from the crisis, it has been evolving fiscal institutions, its management of the european macro economy. It should be an interesting conversation, obviously of particular importance given the worldwide economic crisis we are suddenly found ourselves in. Let me introduce my guests today, director general for economic and Financial Affairs in the european commission, prior to his current job, he was director general for structural reform support a topic we will touch on a little bit as well i imagine, prior to that he was Deputy Director general for economic and Financial Affairs. He also worked extensively on the socalled fund which we will talk about as well. Anyway, with that introduction out of the way, i want to start out with talking about the way in which the crisis has unfolded over the past few months in your especially what actions have been taken to

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