Tag: EU

Taking notes 15: Sad Cyprus

sanjay perera

If it has not already, then the world should be taking note of the curious and disturbing situation that is developing in Cyprus. The latest is that some resolution has come to pass in which Cyprus can remain in the Eurozone and deposits over 100,000 euros, not guaranteed by EU governments, will be expropriated to help resolve the debt issue. Most of those who will be affected by this appear to be Russians who have deposited billions in Cyprus. But it does appear that we have what amounts to a never-ending Eurozone crisis where the savings of ordinary Cypriots (small … Continue reading Taking notes 15: Sad Cyprus

Taking notes 2

sanjay perera

With the recent downgrading of almost ten Eurozone states by Standard & Poor’s from their so-called triple-A ratings thanks to their debts, sage Euro policymakers have railed against them and the other two agencies, Moody’s and Fitch. The claim by these staunch Europeans is that these credit rating agencies were too quick in downgrading their debt ridden countries from their much coveted ‘AAA’ status despite these chronic economies succumbing to ‘bailouts and austerity programmes’. Coincidentally, as if by the magic of the ‘free market’ some new characters have appeared on the scene called Berger and Krall to launch a European … Continue reading Taking notes 2

Justice for all and the European Union

sanjay perera

by Philippe Van Parijs When we are thinking about how the European Union should evolve, what competences it should be given, what direction it should take, what is the ultimate objective? The answer is simple: justice. But what is justice? Any conception of justice relevant for our times must combine two elements, both strongly rooted in our European traditions, but neither of them exclusive to them: equal respect for the diversity of conceptions of the good life that characterizes our pluralist societies and equal concern for the interests of all members, present and yet to come, of the society concerned. … Continue reading Justice for all and the European Union