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EU Association Agreement Is Beneficial For Armenia, But Destructive

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  • EU Association Agreement Is Beneficial For Armenia, But Destructive

    EU ASSOCIATION AGREEMENT IS BENEFICIAL FOR ARMENIA, BUT DESTRUCTIVE FOR OLIGARCHS - ANALYST

    June 13, 2013 | 12:42

    YEREVAN. - Signing of the Association Agreement between Armenia
    and the European Union (EU) will allow Armenia to make use of new
    strategic opportunities.

    Regional Studies Center Director, political analyst Richard Giragosian
    stated the aforesaid during a roundtable discussion on Thursday. He
    also pointed to four specific opportunities.

    "First, this is an opportunity for the European Union itself. This
    association would give the EU a lever to push the democratic
    developments in Armenia further. The second opportunity is for Armenia
    which, under the conditions of future isolation, would have a chance
    for greater integration. The third opportunity is directly for the
    region, since the EU offers regional stability. And the fourth
    [opportunity] is very interesting for Russia itself, since the
    existence of an advanced Armenia is in the best interests of Russia,
    too," Giragosian specified.

    He added, however, that all this is a serious threat to the oligarchic
    economy. In the analyst's conviction, Armenia has no alternative but
    making reforms.

    "The economic status quo [in Armenia] is convenient to some
    businessmen, but destructive for the country. The oligarchs do not
    realize that their strength and ability are slowly fading, or they
    will realize [this] in the end, when it will be too late. This is an
    opportunity that Armenia cannot afford to miss," Richard Giragosian
    stressed.

    News from Armenia - NEWS.am

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