Financial Times FT.com

Do not tie the markets – free them

By Vaclav Klaus

Published: January 6 2009 18:45 | Last updated: January 6 2009 18:45

It is a common feeling that the Czech Republic is taking over the European Union presidency at a rather complicated moment, even though almost all “moments” can eventually be called “complicated”. We should not panic and must say No to people who – by describing the current moment as the historically unique one – want only to manipulate us.

There are, of course, highly publicised (if not over-publicised) problems. The world is in the midst of a deep financial and economic crisis. The EU has growing troubles with its increasingly visible democratic deficit and is gravely divided as regards its own institutional arrangements. The global climate is basically not changing, but global warming alarmists have succeeded in persuading politicians (and some ordinary people as well) that a doomsday is coming and on this false assumption they have tried to restrain our freedom and curtail our prosperity. The long-existing nucleus of armed conflicts accompanied by immense suffering of millions of people – in places such as Afghanistan, Iraq, Israel-Palestine and some African regions – does not promise any quick solution.

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