Wednesday, June 29, 2011

Ministry of Finance of Slovakia: Greece and Portugal have no place in the eurozone

Economy of Greece and Portugal, within the euro area, "not suitable for single European currency" This statement was made finance minister of Slovakia, Ivan Miklos, Bloomberg reported citing local newspaper Hospodarske Noviny (HN). According to Miklos, both countries' long-term need to exit from the euro zone. " The Minister also noted that the EU's efforts to prevent the debt crisis in the eurozone were not too successful, reports Lenta.ru. In mid-December, Miklos allowed the possibility of leaving the euro zone for Slovakia, but noted that he had no feeling that the euro zone will fall apart. Thus, the minister said the statement by the deputy of the parliament of Slovakia, the leader of the Party of Freedom and Solidarity by Richard Sulik. In his column in the HN Sulik suggested that the country should abandon the euro if the European Central Bank will save Spain, just as he rescues Greece or Ireland. Debt crisis in Europe, greatly undermined investor confidence in the euro broke out in early 2010, when Greece was the brink of default. For the salvation of Greece, the EU and the IMF organized a special stabilization fund (European Financial Stability Facility, EFSF), which means the end of this year took advantage of the crisis-affected Ireland. Spain and Portugal are also experiencing difficulties in servicing debt.

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