By Ramesh Jaura | IDN-InDepth NewsAnalysis
BERLIN (IDN) – Europe is the world’s richest region. Together 28 countries constituting the European Union (EU) are the world’s largest market. EU and its member states provide 56% of about $130 billion global official development assistance. Precisely this obliges Europe not to stay bogged down in ongoing financial and identity crises but accept its international responsibilities wholeheartedly.
This was the upshot of a landmark speech by the European Council President Herman Van Rompuy on November 9, the very day the Berlin Wall fell in 1989, 28 years after it was erected to reinforce post-war division of Germany and Europe. The day was “perhaps the most important tipping point, not just for Germany but in our recent European history,” he said.