Why do we (Europeans) vote in Euro elections?

nikos_konstandarasMr. Nikos Konstandaras is managing editor and a columnist of Kathimerini, the leading Greek morning daily.
He is also a contributor to The BusinessThinker.com

This editorial has appeared in elathimerini.com as well-

On last Thursday the British and Dutch voted. The next day voters went to the polls in Ireland and the Czech Republic, yesterday, Saturday, Saturday in Latvia,
Malta and Slovakia. Today, Sunday, the rest of the EU will vote. In the 28 member states, 400 million citizens are eligible to vote for 751 members of the European
Parliament, who will, in turn, elect the new president of the European Commission. This is the eighth such vote since 1979. But this time there is a sense that the
Union is in decline that it is losing in economic and strategic significance. Even so, the electoral debate in each country focused on domestic issues. Very often
those issues stemmed from EU membership, but the elections remained stuck on local problems, not on EU-wide solutions.

Throughout the EU people worry about where the EU is headed. The years of crisis showed up weaknesses in the bloc’s construction. This created
the need and the opportunity for solutions through the adoption of new mechanisms and institutions. Precious time was lost, as was the even more
precious sense that Europe was the home in which we could all feel safe. However much the Greeks may have been to blame for their problems, they
were not the only culprits in the EU. For the good of all, Europe should have shown that its grand construction was not in danger because one of its
rooms had caught fire. “Personifying” the crisis, presenting Greece as a scapegoat and a “unique case,” renewed old enmities and ethnic stereotypes.
It sowed division. In the markets, Europe appeared as weak as its weakest member. It abdicated the power and the responsibility that it would have
had if it functioned as a single force, with the world’s largest economy (with a combined GDP of 13 trillion euros in 2012), with 500 million citizens
constituting the wealthiest and best-educated group of people the world has known. Instead, the EU found itself on the brink of losing its common
currency. Many people felt threatened by strangers – either immigrants or citizens of other countries who needed their support. Some were angered
because they were asked to help, others because they lost benefits and security.

The debt crisis is one of many important issues. How can developed countries continue to provide their citizens with everything to which they are
accustomed when the global economy has made them uncompetitive? How can each country gain the most from being in the EU when the EU does
not project its power because each member acts according to its own narrow interests? When voters reject austerity and reforms because they consider
them unjust, how do economies become more competitive? Is the solution to be found in reducing social security in Europe or should we demand that
competitor countries take equal care of their own citizens?

The problems remain unsolved and can be dealt with only at the EU level. Europe will be saved only if the serious debate begins within the next
European Parliament – the one that will represent powerful centrifugal forces


Russia and China signed a mammoth natural gas agreement

Shanghai, in accordance with a news report of news.in.grAn agreement sought between China and the Russian Gazprom corporation for natural gas, was signed on Wednesday, May 21, 2014, in Shanghai.Information on the details of the agreement has not yet been released on the value of the deal. Both sides sought an agreement for almost a decade but had been struggling to reach due to the difference in the price expectations of the two sides.The agreement is estimated to set the level at 38 billion cubic meters of natural gas annually through a new pipeline. According with what has been reported so far, the formal agreement between Gazprom and Chinese CNPC is for at least 30 years and the value is reported to be around 400 billion dollars.

The Russian President Vladimir Putin was in Shanghai for a two-day visit, from which many expected the deal to be signed. Thanks to this agreement, the Russian Gazprom can utilize huge gas fields in Eastern Siberia which are far away from the European market.

Editor’s comment:

This agreement could have a significant effect on Russia’s future economic strategic relation with the western economies  and the effect of economic sanctions on Russian’s expansion of her sphere of influence. It could also influence the western corporations’ level of business conducted in Russia as her dependence on selling gas to the West, proportionately, decreases.

May Day in a changing world

nikos_konstandarasMr. Nikos Konstandaras is managing editor and a columnist of Kathimerini, the leading Greek morning daily.  He is also a contributor to The BusinessThinker.com

Like glaciers melting after ages of stability, the global political system is undergoing great change. Alliances are loosened or reinforced, old enmities are revived and the whole system of global governance is being tested. It is impossible to predict where this will lead.

There was a major May Day rally by workers in Moscow’s Red Square – the first since 1991 and the collapse of the Soviet Union. Many of the banners did not express the demands and wishes of Russian workers, instead they praised President Vladimir Putin for his dynamic intervention in Ukraine’s domestic affairs and for the annexation of Crimea. On May 9, a major military parade in Red Square commemorate the day in which the Allies defeated Nazi Germany. The revival of this Soviet tradition was Putin’s project. More recently, Russia adopted laws which make it easier to annex parts of countries that were in the Soviet Union; they also allow citizens of such territories to gain Russian citizenship. It is clear that Russia is on an irredentist march.

Continue reading May Day in a changing world