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So now id like to turn over the floor to the people that are going to make that happen today, ask the tough questions, give us some answers. And id like to thank you everyone today for joining us today and hand over to tom bright from abrookings who is going to chair the panel on the economy and europes future. So, thank you. And thank you, again, everybody for joining us. Thank you. Im a fellow here with the International Order and strategy at brookings. And im particularly delighted to be able to chair the first panel. Id like to thank fionna and Jeremy Shapiro for asking me to do it. And its a particular privilege to do it at a conference in honor of clara who i knew for the past two years here, was really a wonderful colleague. And shes sorely missed. And i know several people here knew her and on the panel. I think she would be very interested in the topic today. No ....
Politics like the ukraine. Now, europe may not do as well as we hope as a result of the recent crisis, but it still possesses large Power Resources to influence the ukraine situation, and that is what we should look for in the future. Thanks. Im always tempted to say we should stop there and go for champagne now. I suppose we should plow on. Charlie. Thank you. Like andy, im delighted to be here and to share the panel with the distinguished colleagues, and also because this is a conference that is being held in memory of clara. I didnt know her extremely well. I had memory interesting conversations with her about her passion, which is European Defense and european integration. She is one of the most decent people i knew in washington. I speak for people here and in london wouho worked with her th she is sorely missed. I dont take fundamental issue with andy in that i share ....
[gunshots] [whispering] [intrumental of bring him home miserables] bring himal of miserables]es never again. Even before the war is over, the delegates from 50 nations meet in San Francisco to lay the framework of addressing all conflicts in the future. Of idea of european unity fallout of the rejection of war. Held in theress is hague. It is the beginning of a long and difficult progress to begin the year to bring the european nations together. A new europe, based on the values of democracy, begins to take shape. Europe will not be made all at once or according to a single plan. It will be built through concrete achievements. It will reflect solidarity. 1957 the treaty of rome in to joy, instrumental] [applause] 70 years later, yesterdays enemies are together once again, handinhand for the remembrance through the ceremony. [applause] as they join hands here before you, let there be peace their gesture of peace is a gesture for the ....
Second, we would support ukraine to build support for ukraine in the International Community, and reassure our allies and partners, and let me spend a few minutes on those. With regards to russia, the goals were simple and straightforward. We needed to impose costs for the actions russia had taken. We saw to deter russia from taking further irresponsible actions, and we hoped to shape the decision space that Vladimir Putin and the russian government would take going forward. You all know the litany of things that happened in the immediate weeks following the incursion into crimea. There was the suspension from the g8, the efforts in the United Nations to isolate russia politically, and we saw that with the very significant vote withe security council, china even abstaining and not siding with russia, and then wi ....
And so id like to turn to randy henning, a professor of economic governance and really try to put this question to you. That if if we we are where we are in economic terms. There are these solutions out there that many people believe would have sort of a big bang effect of really being Game Changers and kickstarting growth. But theyre exceptionally unlikely because of german opposition and also because of rising sort of populism and the difficulty in getting it through in terms of treaty change. So what does that mean for the next sort of decade in european economics . I mean, if we cant do what simon sort of outlined and theres unlikely to be a collapse of the Currency Union for all of the reasons that, you know, people are afraid of what the alternative would be, what is the middle sort of muddling through option . How bad is it . Is it not quite as bad as we think . And wha ....