my name is rana forhoohar.'m the assistant manager in charge of business and economics for "time" magazine. i'm really pleased to be here today with dr. willem buiter, who we all know, the chief economist of citigroup. he eis one of the preeminent voices on the eurozone and on the crisis. i've been following his work closely as i'm sure you all have. this is part of the peter mccullough series on international economics. before we get started, i would like to remind you all to turn off your phones, not just to put them on vibrate, because they'll interfere with the sound system. the meeting is on the record. we do have press in attendance. just to note that the next meeting will be friday at lunch entitled prospects for diplomacy in iran. and we'll see after we hear from dr. buiter what will be more difficult, solving the eurozone crisis or diplomacy i in iran. we'll start with opening comments by dr. buiter, and then he and i will talk for 20 minutes, and then you'll have a chance the last 30 to ask your own q