Tuesday, October 11, 2011

Slovakian Vote - Eurozone Crisis

BBC News: Reports that the Slovakian Parliament is expected to vote down the extension of the EU bailout fund. This is small beer folks, the Slovaks will have to be granted concessions, why should they bailout the richer Greece. As this blog has some experience of the Slovak Republic one can understand the anger of the people at the though that a poor country like Slovakia will be expected to bailout the PIIGS. Thus it can be argued that the Slovak Government should make demands as followed by other EU Countries. If the vote is lost the EU will have to give some extra grants to the Slovak Government and they will vote for the EU bailout. All politics is local folks.

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