Setting Default Text File Encoding in Eclipse

I was recently working with a set of SQL migration scripts in eclipse and started noticing that the localized characters weren't showing correctly. I've seen all kinds of chaos in my project with different file formats creeping into the sources and database. So I did a looking and found that Eclipse was defaulting to Cp1252 for the encoding. This is a pain and the cause of my files not displaying. So went into Window->Preferences... and Opened General->Workspace and changed the Text file encoding setting to UTF-8. Now all is good again.