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Saturday, 24 November 2012

SCHUMAN DECLARATION and the significance. why is it in recent news?


The Schuman Declaration was presented by French foreign minister Robert Schuman on 9 May 1950. It proposed the creation of a European Coal and Steel Community, whose members would pool coal and steel production.

The ECSC (founding members: France, West Germany, Italy, the Netherlands, Belgium and Luxembourg) was the first of a series of supranational European institutions that would ultimately become today's "European Union". Starting with the coal and steel sector, would revitalise the whole European economy by similar community processes & it is the world's first international anti-cartel agency.

It encouraged world peace and it would transform Europe by a 'step by step' process (building through sectoral supranational communities) leading to the unification of Europe. The recent news is the decision to award the Nobel Peace Prize to the European Union.

Prize motivation: ”for over six decades contributed to the advancement of peace and reconciliation, democracy and human rights in Europe”. But the only problem is, "the Nobel comes at completely the wrong time.

 It would have made perfect sense 20 years ago when the Cold War was over and Europe was whole, free and at peace for the first time in its history. But with the continent mired in its gravest social and economic crisis since the 1930s and the EU project in danger of unravelling, it feels like a consolation prize -- like a lifetime achievement award at the Oscars or a retirement gift for decades of loyal service". This is the issue in this recent news.

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