Slovakia needs ‘Plan B’ if Euro rejected (Russia Today TV)

Juraj Karpiš
z INESS dňa 14.12. 2010 komentoval v priamom vstupe pre ruskú
spravodajskú televíziu Russia Today TV návrh predsedu parlamentu Richarda
Sulíka na prípravu záložného plánu pre prípad, že by Slovensko opustilo
Európsku menovú úniu.

Slovakia,
the most-recent country to convert to the Euro, is rethinking whether it should
stick to the currency.

Parliamentary
speaker Richard Siluk says Slovakia needs a ‚Plan B‘ in case it has to switch
back to its old currency.

He
added that Slovakia needs to shore up its financial defenses if the European
debt crisis worsens.

His
words come amid a string of rallies across the continent against sweeping
austerity measures and welfare cuts.

Patience
is wearing thin among people in the Eurozone – with many refusing to pay
for politicians‘ mistakes, and calling for the single currency to go.

Juraj Karpis, analyst at the
Institute of Economic and Social Studies in Slovakia, does not believe any of
the Slovak leaders actually want to leave the Eurozone in the coming years.

“I see it only as a start
of the discussion on what to do if all the things go wrong with the euro, and I
think it’s rational to have a plan,
” he told RT.

The euro was not a savior
for Slovakia in the first place, and it is important to understand how the
Slovaks actually feel about it, claims Karpis.

“The Eurozone changed
dramatically during the last year, and in Slovakia many painful structural
reforms happened in the past years. We had to save our own banks in 2001, and
it cost us almost ten per cent of the GDP,
" he said. "Now the
Slovak people don’t really understand why they should send money to Irish banks
when we had to foot the bill for our own banks by ourselves
.”

The feeling of European
solidarity is also not that widespread in Slovakia, and the Slovaks do not see
why they should help their wealthier brothers, said Karpis.

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