11:32 - Robert Gallucci, Dean, School of Foreign Service; John C. Kornblum, Former US Ambassador to Germany; Chairman of Lazard Freres in Germany; Robert Kimmitt, Deputy Secretary U.S. Treasury; Charles Powell, Deputy Director, Research and Analysis at Real Instituto El Cano, are being presented.

11:39 - Gallucci, things that seems to be main troubles for american people: North Korea, Iran, Afghanistan, Middle East, Cuba, questions of religion, evolution, Europe (Freedom Fries).

11:41 - Working with Europe won’t go away. It has been up’s and down’s.

11: 43 - Kimmitt, Financial - Economic Motor, that’s what I want to focus on.

11: 45 - There were very important changes in Europe in the middle 90’s such as: Germany Unification, Soviet Union dissolution.

11: 47 - Free trade between Europe and the United States proposal in 2006.

11:48 - Why we do not focus on converge? and I’m talking about free commerce.

11:50 - US and Europe’s investments dialogues

11:52 - Regardless what happens in the US and Europe elections transatlantic dialogues must continue.

11: 54 - Europe should look very, very closely to this relationship.

11: 55 - Kornblum, It’s been a long time I’m not here in Europe.

11:56 - I agree with what President Aznar said this morning.

11: 57 - The transatlantic relationship we are talking about is not something new, it comes at least from the 1970’s.

11: 58 - 5 or 6 years the worst crisis we have had in the Transatlantic relationship, but if we go to history this fluctuates during time.

12:00 - There’s another very important issue: Globalization: Corporations.

12:02 - It would contribute to peace just for being there, said Europe talking about the Unification.

12:03 - Immense explosion of economic strength creativity, as President Aznar said.

12: 06 - Global Dynamics: information technology, spreading for the economic markets.

12:07 - It’s more important than terrorism, than Global change, it’s a phenomenon itself (new technology)

12:10- No longer try to define Europe nor America, you rather integrate them. Not to try to know who are better

12:11 - The end of the Cold War doesn’t mean the end of the need of military.

12:15 - Powell, I spent plenty of my time attending seminars on Transatlantic Relations

12:15 - I carry both American and European passports

12:17 - We do have to acknowledge there are major differences between Europe and USA

12:19 - The fact is that there are new risks that unifies us. Specific dangers, such an example: Iran.

12:21 - 85% of spaniards wants Spain and the States to work together

12:24 - Soft power is good, but it has to be combined with hard power

12:26 - We are facing a new constellation of political era: Merkel in Germany, Sarkozy in France

12:28 - After the elections of 2004 we all know Spanish-United State relations took a bad turn

12:29 - But neither this or the Aznar’s - Bush honeymoon changed that Spain keeps being the 6st largest world economical relation within the States

12:31 - Even thought McCain would be in The White House and Zapatero in La Moncloa let’s hope it desn’t change this

12:33 - Kimmitt, Europe and the US will continue to compete

12:35 - Kornblum, the number of people that feel like losers is growing and is already too many

12:38 - We, the West, need to seat down and get it right

12:39 - Gallucci, what we have to ask ourselves is: What do we want to do together?

12:41 - Spains’s roll in the European Community is in it’s relationship with Latin America

12:42 - It is becoming difficult to Spain to get the European Union interested in Latin America

12:44 - Questions and Answers within the audience starts