Our guest this year was Professor Axel Weber, President of the Deutsche Bundesbank, who in a fascinating presentation and subsequent discussion emphasised the importance of euro area members taking ownership of and carrying out structural reform at a national level, in order to realise the benefits of a stability-oriented single currency.

Bronwyn Curtis, on behalf of the Society, thanked both Standard Life Investments for generously sponsoring the dinner for an eighth year, and KPMG for its continuing sponsorship of the Rybczynski Prize.

Dave Ramsden, our new Vice President, presented this year's Rybczynski Prize for the best piece of business economics writing in 2010.