quarta-feira, 20 de março de 2013
to the FT - Cyprus hits the headlines for all the wrong reasons
An incredibly content-filled view brilliantly expressed by Gideon Rachman.
I am in full agreement as to the real issue now undermining the EU at a very complex crossroads in the path to "...an ever closer union."(?)
Trust is a priceless commodity, one that takes years to build and only minutes to crack.
Unless the top brass of European political, economic and social leadership show some vision and statesmanship I fail to see how much worse things may get before eventually starting to improve.
The financial and banking crisis is real and has so far been handled the way it has been.
One country after another stole the limelight generally for the wrong reasons.
Cyprus's turn came up now. It is easy to understand the far wider implications involved. These outweigh the island's geography and demography by a heavy margin.
The banking union in the Eurozone is incomplete but over the years no single entity took notice of the banking sector in Cyprus?
Its outsized nature, pulling-power for Russia's money spinners, dangerous ratios and more?
Who will stand-up for the average Cypriot citizen, on average incomes, with average savings made over many years, or few, of honest work and moderate spending?
The time has come for plain good sense - if uncommon - to be displayed by those entrusted with the government of nations as well as those leading major multinational institutions.
Cyprus may be small.
The individual Cypriot is the same size as the individual German, Dutch or Finn.