The Rafael del Pino Foundation hosted the Keynote Lecture by Carlos Espinosa de los Monteros entitled "What will our societies be like after the crisis?" on 2 November 2009.
Mr. Espinosa de los Monteros stated that "We are going through a painful process of adjustment. Our wealth after the crisis will be much less, however much we refuse to admit it. It will take time to emerge from the crisis and the wounds will be deeper than predicted [...] By denying reality, we are prolonging the duration of the crisis".
Regarding the international scenario, Carlos Espinosa de los Monteros said, "We will emerge from the crisis with the leadership of the United States, even if it is disguised as international cooperation through the G-7, G-10 or G-20 conferences. Alternative energies will experience a decade of splendour, with double-digit growth. Green is starting to go out of fashion. Sustainable is now the latest trend. For most people, the term is associated with balance, integrity, health, opportunity and the future. Only a third of the public believes that sustainable is associated with effort, higher prices... How could governments not be tempted by the term?
The Rafael del Pino Foundation is holding this series of conferences opened by Richard L. Schmalensee and in which Juergen B. Donges, Mauro F. Guillén, Stephen S. Roach, Xavier Sala-i-Martín, Rodrigo de Rato and Moisés Naím have participated to date. Donges, Mauro F. Guillén, Stephen S. Roach, Xavier Sala-i-Martín, Rodrigo de Rato and Moisés Naím. In the same cycle, a debate was held on 7 October entitled "Three different visions of the recession" in which Fernando del Pino, Miguel Boyer and Alberto Recarte took part. The next conference will be given by José Luis Feito, President of the Economic and Financial Policy Commission of the CEOE on 11 November, under the title "The way out of the crisis".
