Year: 2012

France, Germany, Italy and Greece may all be bound by a common currency but this economic linkage is not reflected in a similarly connected debate. In effect, each country has its own unique euro discussion that barely overlaps with its neighbours.

Pluralism of opinion is the defining characteristic of a liberal democracy. The ability to form one’s views independently and to express them freely is at the heart of our political processes.

Europeans should be grateful to Signor Draghi as he has given them a glimpse into their future. It is a future in which the continent’s economic fate may be determined not by parliaments, governments, treaties or courts but by its central bank. It is a scenario in which every owner of money will be robbed a little each year to pay the debts of sovereigns and the financial sector.

Countries where men and women have equal rights and opportunities do better at the Olympics. By contrast, women’s sports potential has not been fully utilised in countries that systematically disadvantage its female population.

Europe’s politicians are quick learners. It has only taken them about 2½ years to realise that Greece cannot be saved within the eurozone. But this timely realisation comes with an enormous bill attached: Greece’s bankruptcy and euro exit will cost central European taxpayers dearly.

Australia’s big cities are now less different (or more similar) to their neighbours in the Asia-Pacific. Not only are they becoming more ethnically Asian but Asia’s cities have become wealthier, more productive, and more Western.

Looking at France from over the Rhine, the Germans may well ask themselves what the much celebrated friendship between Paris and Berlin is still worth with a French president like Hollande. He openly sides with those southern European governments that expect unconditional bailouts and call for an end to Berlin’s austerity demands.

Instead of interacting across borders, why can’t we withdraw and enjoy the safety of home? Why risk becoming ‘‘tenants in our own country’’ for dubious benefits derived from foreign direct investment?