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CSPAN2 Tonight From Washington February 23, 2011

good afternoon ladies and gentlemen. it is a great pleasure for me to be chairing the session, not just as editor of the national times but also as a former brussels correspondent. i spent six years watching the euro created in the 1990s and now we have 10 years on. some very severe challenges for europe and we have an expert panel, a panel with different perspectives from the political to the central bank, to the private sector. i think we are going we are going to have a very interesting discussion this afternoon. now the format is that each of the speakers will speak briefly. i will then ask if you very gentle questions, and then i will open it up for the floor for questions. we can have an interactive discussion. so without further ado, i would like to ask george papandreou to speak. thank you very much and i m honored to be here this year again. i will begin by a few comments on the general theme here in davos which is on governance and equity and do we have co ....

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CSPAN2 Today In Washington February 23, 2011

however many years ago, and what is happened in the eurozone sense, i don t actually think indirect answers the question we need to go back to the drawing board. it is a question of the it is kind of actually returning to what the drawing board said in the first place. win the euro was first established, i remember being particularly attached in my own mind to two things. firstly, having this monetary policy straitjacket on a range of different countries, different conditions, would at least force all the countries within the eurozone to implement meaningful and far-reaching structural reform because, so the theory goes, with the of the ability to devalue yourself and use monetary policy, in a capricious way, you have to find other ways of really hardwiring competitiveness into your economy. so, i was one of those small l liberal sort of economic from a small l liberal economic background who felt that this would be a good thing for the long-term competitiveness of eu ....

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