Monday, March 18, 2013
AND NOW CYPRUS
No sooner had I stumbled into a discussion on this blog of political tendencies in Europe, a subject about which -- I hope it was clear -- I am woefully ignorant, than a financial crisis erupts in Cyprus that threatens once again the survival of the Eurozone. [There is a long story in the NY TIMES today that starts on the front page and continues on page B6, if you are interested.] With all its flaws, which seem to be manifold, the effort to create and sustain a pan-European economic union and something like at least a partial framework for political cooperation is one for which I have very powerful positive sentiments. The sixty-eight years between the end of World War II and the present day is the longest sustained period of peace in the Franco-German heartland of Europe since the eighteenth century or even, depending on how you think about it, since the Middle Ages. I have not the slightest idea how this continuing crisis of the euro is going to play out. But I really hope that a way is found to stabilize the Eurozone financially, and that economic and political structures are established that make it impossible for Europe once again to descend into the hell of fascism and war.