Spiegel Interviews Slovakia’s Sulik on EFSF

From Spiegel Online:

Slovakian EFSF Opponent Sulik

‘The Greatest Threat to Europe Is the Bailout Fund’

SPIEGEL ONLINE: Mr. Sulik, do you want to go down in European Union history as the man who destroyed the euro?

Richard Sulik : No. Where did you get that idea?

SPIEGEL ONLINE: Slovakia has yet to approve the expansion of the euro backstop fund, the European Financial Stability Facility (EFSF), because your Freedom and Solidarity (SaS) party is blocking the reform. If a majority of Slovak parliamentarians don’t support the EFSF expansion, it could ultimately mean the end of the common currency.

Sulik: The opposite is actually the case. The greatest threat to the euro is the bailout fund itself.


Sulik: It’s an attempt to use fresh debt to solve the debt crisis. That will never work. But, for me, the main issue is protecting the money of Slovak taxpayers. We’re supposed to contribute the largest share of the bailout fund measured in terms of economic strength. That’s unacceptable.

SPIEGEL ONLINE: That sounds almost nationalist. But, at the same time, you’ve had what might be considered an ideal European career. When you were 12, you came to Germany and attended school and university here. After the Cold War ended, you returned home to help build up your homeland. Do you care nothing about European solidarity?

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About Avadoro Worden

This entry was posted in Capitalism, Euro-Bond crisis, Finance and Economics, HyperInflation, Socialism and tagged , , , , , , . Bookmark the permalink.

One Response to Spiegel Interviews Slovakia’s Sulik on EFSF

  1. rosencrantz says:

    The Slovakian parliament today voted against. If Sulik is right, he, as he said, saved European taxpayers 350 billion euro, which were to prop the reckless private banks for a short while. Has emperor any clothes or not – that is the question. If 16 out of 17 governments are wrong Slovakia would be remembered as a saviour. If Slovakia is wrong – well, it would not be the first or last time. I wonder how the taxpayers in those sixteen countries would vote. The vote in the parliament resulted in a fall of the government. One down, sixteen to go. The people should decide, not the corrupt politicians.

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