By Edward Hadas
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
I was unceremoniously kicked out of my last job in finance early in 2004. It was a career turning point for me after 24 years as an equity analyst at eight firms – brokers and investment managers – in both the United States and Europe. I took shelter in financial journalism. Much has changed in the money business since then. But reading about the behaviour that has led to a litany of huge fines, I fear that too much remained the same, at least until very recently.
Staunchly Catholic Malta approved the introduction of divorce, backing the move by a small majority in a referendum. “The referendum outcome is not the one I wished for, but the will of the majority will be respected and parliament will enact legislation for the introduction of divorce,” Prime Minister Lawrence Gonzi said in a video statement on Sunday. The vote was seen as a test of the influence of the Roman Catholic Church in a country where 72 percent of people say they go to Mass on Sundays and nearly all marriages are held at the altar. The Mediterranean island of 400,000 people is the only country in Europe not to allow divorce. Early results from Saturday’s referendum showed a majority backing divorce of between 52 percent and 54 percent. The Divorce Movement declared victory and the anti-divorce movement conceded. Opposition leader Joseph Muscat had said changing the law was a vote for modernity and a chance for those with broken marriages to start afresh. Gonzi had said divorce offered “no solutions” and called for better preparation before weddings so that the “value of an indissoluble marriage is bequeathed to the young.” Divorce legislation was proposed in July last year by Jeffrey Pullicino Orlando, a member of Gonzi’s own parliamentary group. It provides for people to become eligible for divorce after four years of separation.
– by Christopher Scicluna in Valletta
(Photo: Pope Benedict XVI blesses a nativity scene at the Vatican December 15, 2010/Tony Gentile)
Pope Benedict voiced the Catholic Church’s deep concern over “hostility and prejudice” against Christianity in Europe on Thursday, saying creeping secularism was just as bad as religious fanaticism. In the message for the Roman Catholic Church’s World Day of Peace, marked on Jan. 1, he also reiterated recent condemnations of lack of religious freedom in countries in the Middle East where Christians are a minority, such as Iraq and Saudi Arabia.
(Photo: Pope Benedict leads the consistory in Saint Peter’s Basilica at the Vatican November 20, 2010/Tony Gentile)
Pope Benedict installed 24 new Roman Catholic cardinals from around the world on Saturday in his latest batch of appointments that could include his successor as leader of the 1.2 billion member church.
The following is a guest contribution. Reuters is not responsible for the content and the views expressed are the authors’ alone. Ibrahim Kalin is senior advisor to Turkish Prime Minister Tayyip Erdogan. This article first appeared in Today’s Zaman in Istanbul and is reprinted with its permission.
Austria’s resurgent far-right party won over a quarter of the vote in Vienna’s provincial election as voters took their discontent to the ballot box, reflecting a wider European trend as voters concerned about the economic crisis and integration of Muslims turn to rightist parties.