It's good.

Okay, ladies and gentlemen, thank you very much for your attendance.

I've got the great pleasure of introducing Alicia Inarechos.

Alisa and I share a couple of commonalities.

I first learned Spanish in Valencia, where she did her law degrees.

She since moved on to Oxford, I dare say my allegiances are with the college opposite

hers because she was a research fellow at Brazos and we from Exeter College don't like the

Braznos people very much but she's a very she's a very dear colleague here in Cambridge

she also has a very strong McGill Montreal connection where she was an insistent professor

and she's been yeah really one of the leading thinkers on EU constitutional law

in this country and if not in the world I'm very much looking forward to her her discussions of legal issues surrounding the Eurozone crisis,

and I can kind of see that you're also quite excited. So welcome, Alicia. Thank you. Well,

thank you very much for inviting me. Thanks everyone for coming.

And thanks for the very kind presentation, Marcus.

So I'm going to speak about some legal issues surrounding the Eurozone crisis.

This is very much work in practice.

These are just some reflections on where the integration is going, what

shape it's going to take or what shape it can take, and ultimately whether there are limits

to how far economic integration can go within our current arrangements, within our current

constitutional settlement. So this is going to be the structure of the talk.

I'm going to say a couple of sentences about the general background, the Euro crisis.

I'm sure that you all know enough about it.

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