• It has come to our attention that some users may have been "banned" when they tried to change their passwords after the site was hacked due to a glitch in the old vBulletin software. This would have occurred around the end of February and does not apply after the site was converted to Xenforo. If you believe you were affected by this, please contact a staff member or use the Contact us link at the bottom of any forum page.

Slovakia opts out of Greek bailout package.


kerdasi amaq

Well-known member
Joined
Aug 24, 2009
Messages
4,690
Slovakia, having second thoughts about bailing out the Greeks?

the tap: Slovakia's New PM Derails Eurozone Bail-Out

Iveta Radicova, Slovakia's new right wing Prime Minister,...is not happy about Slovakia being asked to bail out Greece and other Eurozone countries.
Is this the beginning of the end for the European Union? Will Brian Cowen and co be forced to behave as a government of an independent sovereign state once again, despite their inner cravings for dependency?

Basically she wants out of the bail-out, and looking enviously at the Czech Republic next door which has become far more competitive by staying out of the Euro, Ms Radicova would probably like out of the Euro as well.
Hmm, I doubt that the Czechs will be in a hurry to join the Euro.

Why doesn't the Irish Government act like the Slovaks? Are they worried that if they stand up for Ireland's national interest, their much vaunted "influence in Europe"(whatever that is) could be jeopardised?:eek:
 

kerdasi amaq

Well-known member
Joined
Aug 24, 2009
Messages
4,690
Will the Slovaks save us from our governments incompetence?

the tap: Slovaks Want Out Of Euro Rescue Fund. Period.

She says that the final decision will be taken by her and her coalition partners in Bratislava. The EU's bail-out needs unanimity of the eurozone's membership or it will have no legal basis.
This is what sovereignty and independence are all about!:mrgreen:
 
G

Gadjodilo

Brussels is reacting with fury over the decision of the Slovak parliament to not take part in the Greek bailout package. Auntie Angela is displeased too.

In fairness, it's hard not to feel some sympathy for Bratislava. They're being asked to stump up €800m to help a much richer but far more profligate country.

1. Anger in euro zone as Slovakia votes against Greek bailout role - The Irish Times - Fri, Aug 13, 2010
2. FT.com / Europe / Brussels - Slovakia under fire over Greece
3. Germany Says Slovakia's Greek Aid Rejection Lacks 'Solidarity' - BusinessWeek
 

Aindriu

Well-known member
Joined
Jun 28, 2007
Messages
8,702
Good for the Slovaks. At least they have some balls!
 

HarshBuzz

Well-known member
Joined
Feb 28, 2008
Messages
11,935
welcome to the EU Slovaks, this is the entry fee
 

the_rebubblican

Well-known member
Joined
Mar 24, 2010
Messages
344
Oh dear, what a surprise. I don't understand how national leaders in the EU believe that it can be governed on autopilot with nobody looking at the big picture. Federalise or die!
 

kerdasi amaq

Well-known member
Joined
Aug 24, 2009
Messages
4,690
A national government(the Slovakian one) that puts its People's interests first, wow, did we ever have one of those?
 
Last edited:

Sync

Well-known member
Joined
Aug 27, 2009
Messages
28,845
Fair enough. They're entitled to that standpoint, and their money is their own. If things head south for the Slovaks though they should starve. No justification for giving them anything if they refuse to help others. So if the Slovaks are happy they'll never have to avail of this fund then more power to them.
 

Clanrickard

Well-known member
Joined
Apr 25, 2008
Messages
33,041
Fair enough. They're entitled to that standpoint, and their money is their own. If things head south for the Slovaks though they should starve. No justification for giving them anything if they refuse to help others. So if the Slovaks are happy they'll never have to avail of this fund then more power to them.
Maybe the Slovaks feel that they will run their country properly and therefore a) won't need the fund and b) should have to fund those that don't bother to live within their means.
 

Sync

Well-known member
Joined
Aug 27, 2009
Messages
28,845
Maybe the Slovaks feel that they will run their country properly and therefore a) won't need the fund and b) should have to fund those that don't bother to live within their means.
As I said that's fine. It is their money, and they're entitled to assist anyone they wish to, or don't wish to. The other member states are also perfectly entitled to remember this in the event that Slovakia do need assistance. I wouldn't think a country with 14% unemployment should be getting too precious over this. The shouts of "Outrage" etc etc are ridiculous, although you can appreciate the French and Germans being annoyed.
 

rubensni

Well-known member
Joined
Apr 27, 2009
Messages
737
We're in a worse position than the Greeks, but we have to (borrow in order to) bail them out too. The whole point is we're all in this mess together and if Slovakia doesn't want to pitch in then they should get out.
 
G

Gadjodilo

Maybe the Slovaks feel that they will run their country properly and therefore a) won't need the fund and b) should have to fund those that don't bother to live within their means.
I think that sums up the Slovak attitude.

Mikulas Dzurinda, the foreign minister, explained that Greece’s troubles were the result of “irresponsible decisions” made by member states and commercial banks, and that his country was still pro-European.
 

HarshBuzz

Well-known member
Joined
Feb 28, 2008
Messages
11,935
Only the eurozone countries had to pay, right? The Brits, Swedes, Danes etc. didn't take part in the whip-around, did they?
correcto

440bn from the Eurozone members
60bn from the Commission
250bn from the IMF

I don't have the breakdown of the 440bn to hand, the majority would be borne by Germany and France obviously
 

cozzy121

Well-known member
Joined
May 26, 2009
Messages
4,996
Good for the Slovaks. At least they have some balls!
Eh? I hate to point it out but we'll soon be going around the EU with the begging bowl once this country defaults.
If the Slovaks get away with this we won't get much for our own bail out.

We shouldn't applaud them, we should tell them to be good little europeans like we are, and do what germany tells them
 

slx

Well-known member
Joined
Oct 13, 2008
Messages
883
Quite honestly, I think that there's a good argument to just ask Slovakia to leave the Eurozone over this.

The EU is full of weird anomalies where certain countries just opt out of any responsibilities while taking the benefits of membership of various bits of the EU.

Slovakia - wants access to the Euro but won't help keep it stable.
UK, Denmark, Sweden - No interest in joining the Euro, but want the ability to have 100% access to the European single market while undercutting Eurozone countries by devaluing currencies etc etc.
Norway and Switzerland - not even in the EU, but for some reason have special 100% open access status.
UK and Ireland - Semi-detached attitude to Schengen treaty where by we continue to restrict freedom of movement within the EU based on some British paranoia.

All of this nonsense undermines EU solidarity and stability. Either you're in or you're not!
 
Top