previously managing director at solomon smith barney and deputy director in the international monetary fund. desmond has written extensively on the global economic crisis, a dollar, estranged of the euro area and on the greek debt crisis in particular, about which he has been an unrelenting and correct pessimists. next will be bert ely who has been a consultant and prominent commentator on banking issues. since establishing his own consulting practice 40 years ago. bert especially analyze conditions in the banking sector and we've asked him today to include his abuse of the banking systems of greece and puerto rico in his remarks. bert has often testified before congressional committees and is interviewed by the media on a regular basis, and he often attends conferences at aei and is a prominent questioner of the panel, but today he will have to answer your questions. our final panelist will be whitney debevoise -- it's hard for me not to say that the french way -- who is a senior partner at arnold and porter in which she rejoined in 2010 having served as u.s. executive director of the