TUESDAY, 28 JUN 2022

 

CONNECT

Facebook Linked In Twitter
IMH LTD

Cyprus President To Attend Dinner For EU And NATO Leaders In Madrid

Russian Economy 'Degrading Slowly' Due To Sanctions, Claims VDL

IMH LTD

BUSINESS

brought to you by Deloitte

Former President of the European Council Reflects on Brexit and Looks to a European Future at The Club, Nicosia

Former President of the European Council Reflects on Brexit and Looks to a European Future at The Club, Nicosia

Phoenix Leaders welcomed Herman van Rompuy, Former President of the European Council and Former Prime Minister of Belgium, to The Club in Nicosia. In front of an intimate audience of Members and Guests of The Club, van Rompuy presented his view on the future for a post-Brexit Europe in a period increasingly characterised by growing political instability.

Over the course of the evening, van Rompuy argued that despite a wave of growing Euro-scepticism, support for EU membership has never been greater. “A continuously increasing majority of Europeans think that being a member of the EU is a good thing for their country. In a report of the European Council on Foreign relations, more than half of Europeans think that there is a significant risk of the EU collapsing in this generation. According to the same survey, 92% of voters think they would be worse off if the EU were to burst. Europeans fear the collapse but do not hope for it. Fear is not the same as hope.”

van Rompuy contended that there could be more support for pro-European policies than currently expected. “One of the explanations for the reluctance of national governments and parliaments to follow a pro-European course is the political instability at national level. The fragmentation of the national political landscapes, the volatility of the voters and the extremist drift have made it very difficult to govern in most Member States. It is not surprising that there are at least 15 minority governments in EU-28, within the euro area and beyond. How can Europe be sufficiently strong when too many Member States are weak.”

Van Rompuy also highlighted the role of social media in creating an environment of political instability. “Not only is there fake news and external manipulation, but there is also a trend towards individualisation. People are reached directly by social media without intermediate bodies and filters such as political and social organisations or traditional media. People hear one-sided messages and gradually only those they want to hear. All this reinforces the hardening of points of view and the polarisation. It sometimes leads to a blocked society and a blocked democracy.”

Despite the continued uncertainty created by the situation in Westminster, Mr van Rompuy noted that Brexit had made the EU-27 more united and that together they “are further strengthening the eurozone and the Schengen area. It may be too slow, but nobody wants the way back. We will continue to conclude FTAs all over the world. The EU-27 is also in favour of a rules-based global trading system also without the UK as an EU member state. We are continuing to work towards a single digital and energy market. European industrial policy is certainly in the making in those sectors where we are all lagging behind globally. We know that there can be no climate policy without European enforceable targets and instruments.”

Van Rompuy concluded that “historically, the European Union remains a success story. However, there are no lasting achievements in history. We have to work again and again to ensure that this is the case. We have to do it ourselves. Many want to undermine or destroy the Union and its sovereignty. Once again, we will prevent this from happening. I am sure of that. It is much more than just a vain hope.”

The presentation and Q&A session was followed by an opportunity for Members and guests of The Club to discuss their own views on the future of Europe with van Rompuy individually at a drinks reception at The Club.

 

MORE ON BUSINESS

Elevate Your Social Media Marketing Skills With ImarComms Online Program

Social media are a powerful communication tool, used by many businesses to share ...

Six Things Seafarers Wish You Knew

In celebration of the Day of the Seafarer, Oceans Arena Stage hosted the panel ...

Hello Summer - Networking by the Sea

On June 23, 2022, the Cyprus Germany Business Association (CGBA) invited to its first ...

FROM AROUND GOLDNEWS

   

Mandatory Face Masks Return To Pharmacies, Labs And COVID Testing Units

As COVID cases hike in Cyprus, the Cabinet decided on Tuesday to make face masks mandatory again in pharmacies, clinical labs and testing units.
   

Panayides: Cyprus Backs EU Support To Green Tech In Mediterranean

Cyprus agrees with the creation of a common platform for the supply of natural gas, as well as the EU providing financial support for innovative green ...
   

Cyprus Economic Sentiment Deteriorates In June

The economic sentiment in Cyprus deteriorated in July, pushed downwards by weaker business confidence in services, industry and retail trade.
   

Anastasiades: Cyprus Can Become A Regional Educational, Research And Excellence Centre

Cyprus can become a regional educational, research and excellence centre, said President of the Republic Nicos Anastasiades, addressing the graduation ceremony ...
   

Cyprus Sales Of Petroleum Products Up 34 Percent In May, While Oil Reserves Drop 17.1 Percent

Total sales of petroleum products increased by 34% on an annual basis in May 2022, while total petroleum reserves decreased by 17.1% (18,020 tons) at the end ...
   

Petrides Discusses Russian Sanctions With US Secretary Of The Treasury Yellen

The US and Cyprus’ commitment to implement sanctions on Russia for its war in Ukraine was the major issue of discussion between Cyprus Minister of Finance ...
   

Cyprus President To Attend Dinner For EU And NATO Leaders In Madrid

Cyprus President, Nicos Anastasiades, will attend a dinner for the EU and NATO leaders, that will take place on Tuesday in Madrid.
   

Alphamega Hypermarkets: Get Your Hands On Pelikan School Supplies Through The Stick & Win Loyalty Scheme

True to its long-established policy of rewarding its loyal customers, Alphamega Hypermarkets is giving them the opportunity to get their hands on top-quality ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

gold_june_issue
legal_gala_diner

IMH LTD