This article has been published yesterday by BusinessInsider under the title CYPRUS ONE MONTH LATER: Uncertainty Has Broken The Morale Of The People. I have previously contributed to BI, with pictures of the Bank of Cyprus protest outside the Central Bank and with a brief comment on the first reactions to the Eurogroup meeting.
There is a view, prevalent amongst the supporters of the European Union in the countries of the South, that the Euro is too big to fail and that it will survive whatever the costs. Thus, the argument goes, a country in dire economic situation, like Cyprus, should hang in there until the eurocrisis is over.
Ι remember this day back in 2008. On 21 April 2008 I wrote: Το άνοιγμα του οδοφράγματος της Λήδρας δεν σημαίνει λύση στο Κυπριακό πρόβλημα. Είναι όμως ακόμα ένα βήμα προς αυτήν. Σήμερα η ώρα 5μμ θα είμαστε εκεί, με σκοπό να δώσουμε ξεκάθαρο το μήνυμα της επανένωσης. The opening of the checkpoint at Ledras […]
Yesterday I took part in Al Jazeera’s The Stream, where we talked about Cyprus. Video conferencing failed me, so I participated via phone. I talked twice. The first question was about who I thought is mostly to blame for the situation in Cyprus. I argued that the Eurozone Ministers of Finance are mostly to blame […]
Cyprus has been at the centre of international attention for a couple of weeks. Information was flowing from every direction and the local and international news agencies reproduced everything – from unverified rumours about the resignation of the Minister of Finance during his visit in Russia, to imaginary offers to buy one of the two […]