This one is for those forumers who are concentrating on the detail and missing the big picture completely. Time to wake up, before it’s too late and all the TCs turn away from unification.
Time to focus on the positive aspects of a solution
GOVERNOR of the Central Bank Athanasios Orphanides’ comment about the ‘tremendous growth potential’ of a unified economy came as a breath of fresh air in the suffocating, negative atmosphere that surrounds the efforts for a settlement. It was about time a respected public official, whose professional standing and integrity cannot be disputed, focused on the positive consequences of re-unification, because until now the doom and gloom merchants have been setting the agenda.
All we have been hearing, so far, is disaster-talk by lawyers obsessed with legal technicalities and calculatingly avoiding the bigger picture. These are the lawyers who have made a profession out of taking proposals submitted at the peace talks and picking holes in them in order to support their settlement-doomsday scenarios and advertise their noble commitment to high ideals of justice. Their message is that re-unification, under the conditions currently being discussed, would be catastrophic.
Orphanides, who does not go with the political flow and has repeatedly proved his independence, in an interview to Reuters this week, said: “I strongly believe that a unified economy gives tremendous growth potential for the island.... It would also create the wealth that could be sorely needed in order to finance the aspects of re-unification that we may face ahead.” He added a proviso – any deal should keep the number of barriers to a unified economy at a minimum. The fewer there were the quicker the economic convergence of the two economies would be.
It was the first time Orphanides, who keeps his public statements to a minimum, had spoken about the positive effects of a solution on the economy. It was a timely intervention, given that a couple of weeks ago, his predecessor, Dr Christodoulos Christodoulou, presented a book he had written in which he argued that Greek Cypriots would become poorer as a result of settlement. Very few people with an understanding of economic would have taken Dr Christodoulou’s simplistic, unrelenting negativity, which often read like propaganda, very seriously, but anti-settlement campaigners have been citing it to further their cause.
At least most people know that Orphanides is significantly, better-qualified to talk about economic matters than Dr Christodoulou, who is not a qualified economist, let alone an authority on the subject. In fairness, the current finance minister Charilaos Stavrakis and his predecessor Michalis Sarris, both respected economists, have also spoken about the big boost re-unification would give the economy. Hopefully they would rejoin the debate soon, because people like Dr Christodoulou, who have an anti-settlement agenda, cannot be left to cultivate unjustified fear.
Orphanides’ comments could prove doubly useful if they were also taken on board by the Turkish Cypriot side which still seems to support the idea of certain economic barriers being in place after a settlement.
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