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Tuesday, December 14, 2010

Slovak Politician Calls For 'Plan B' to Abandon Euro By: Renata Goldirova | EU Observer

Slovak politician calls for 'plan B' to abandon euro

Today @ 09:15 CET
EUOBSERVER / BRUSSELS - Slovakia, which joined the eurozone last year, should have a 'plan B' to return to its national currency, the country's parliamentary speaker, Richard Sulik, has said, amid frustration over the way the eurozone is handling the debt crisis.
"The time is ripe for Slovakia to stop blindly trust in what eurozone leaders say and prepare a plan B. This is the re-introduction of the Slovak koruna," Mr Sulik said in an opinion piece published in the bussiness daily Hospodarske noviny on Sunday (12 December).

Slovakia's euro switchover ceremony - some are already turning their back on the common currency (Photo: European Commission)


He added: "As we are a country too small to significantly influence EU action, we must at least protect values created by the people living in Slovakia."
Mr Sulik's views reflect a wider discontent with decisions that the eurozone has made since the Greek crisis erupted.
The Slovak centre-right government has repeatedly called for private investors to feel the pain of any rescue operation under the eurozone umbrella. It considers the Greek bail-out a mistake that made European governments a hostage to financial markets.
The parliamentary speaker said it is "irresponsible" for states to risk financial problems at home by taking on the liabilities of their debt-ridden colleagues under the European Financial Stability Facility, a temporary More at:
http://euobserver.com/9/31494

bail-out tool agreed in May and currently providing aid to Ireland.
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