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Dilema Veche - Romania | Thursday, August 26, 2010

Athens can't cope with more than one Slovakia

If Slovakia's decision against contributing to the loans for Greece sets a precedent it will harm the entire EU, writes the weekly Dilema Veche: "If the German parliament had done such a thing it would have been a serious matter because the Germans pay a lot into the budget. But when other national parliaments refuse to pay their part of the loan, perhaps because they think the Germans will pay a lot anyway, the entire bailout system is in jeopardy. If the Slovakian vote sets a precedent which others follow Greece will go under, the euro will hit a low and everyone loses, including the Slovakians. ... But Bratislava's vote should be seen as a moral warning: You countries which waste money and get into huge debt should no longer count on being bailed out every time - there could always be voices like those of the Slovakians which turn you down. So watch out!"

» To the complete press review of Thursday, August 26, 2010

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