Tuesday, 19 March 2013

Time for serious repair work


The Cypriot Parliament has now voted against the foolish financial package that the EU leaders were trying to impose on them. Instead of a sleepless night the bosses of Europe should think about reaching out towards Russia and getting the Kremlin to cost-share the rescue of Cyprus’ banking system. This would be a strategic move. It would build a concrete bridge between the EU and Russia, at a time when many years of empty grand rhetoric have achieved nothing in terms of a real partnership between the two sides. It would also contribute to stabilize the markets which have been seriously affected by Brussels’ decision and will be further destabilized by tonight’s impasse, after the parliamentary vote.

All this requires vision, courage and humility. These are exactly the commodities that have become rare in the EU corridors of power. 

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