Welcome and thank you all for coming to the 29th anniversary serviceman remembering pan am flight 103. My father was in seat 9h. We remember our friends and family taken from us today. You may notice the change in the sitting out here. You may notice a change in the seating, design there is a very tall man sitting up here, usually. Even last year when frank dugan became too well to participate up front with us, he still hiked all the way up and sat in the audience at the time. Audience. Illed that we have his picture of here, but it does not do justice to the gaping hole he left here when he passed, less than two months ago. It seems like the last two months have been a series of revelations of all the work that frank did for me, us, and without us realizing it. He was the backbone of our supports network, so much so that having grown up with this rather extensive pan am family, as an extension of my own, for a one time i thought he was another one of my various pan am uncles. 15 years
structure reforms that make it periphery more competitive. most economists also agree that these reforms will take years, and you need a bazooka to help, the periphery defend itself from markets in the meanwhile. this bazooka can take the form of a combination of the bigger european financial stability fund. imf enlargement, and d.c. be support, but the banks, which it is not doing the time, and to sovereign when necessary. the essence of the current stalemate in europe and its inadequate policy response is that there is no agreement, either on how the burden of adjustment will be shared in the short term, nor is there trust that in the long term a fiscal union will not turn into a trance for union from the north to the south. on the other hand, everyone is aware that we all lose a lot if no solution is found. the big losers will include, of course, the periphery of europe, but also germany, the u.k., which is in the you, but not in the eurozone. it could include the united s