Spectator on facebook

Spectator on facebook

BY JURAJ KARPIŠ

Should we freeze wages for the euro?

From being a borderline euro-skeptic, PM Robert Fico has become such a euro-fanatic that he has even proposed freezing wages in order to be sure of meeting the inflation criterion for adopting the currency. Strangely, he has in this the support of the unions, who recently got what they wanted in the draft Labour Code amendment.

From being a borderline euro-skeptic, PM Robert Fico has become such a euro-fanatic that he has even proposed freezing wages in order to be sure of meeting the inflation criterion for adopting the currency. Strangely, he has in this the support of the unions, who recently got what they wanted in the draft Labour Code amendment.

Several things are worth mentioning here. First, inflation is a function of the policy of the central bank, not of the government. Second, the criteria exist not to be skirted by cheap tricks, but as a measure of whether each applicant country is ready to adopt the euro. And finally, Slovakia should have a look at whether the existing members of the euro-zone still subscribe to its criteria, which they have so often flouted, before abandoning the crown.


Sme, February 21

Top stories

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Austria launches random checks close to Slovakia’s borders

Refugees are using new smuggling routes, according to the Austrian minister.

Illustrative stock photo

Unemployment rate continues to decline

The still steeper fall in unemployment could be curbed by the type of jobseekers, analysts opine.

Carmakers have already complained about the lack of qualified labour.

Coalition only agrees on how to talk. But what will they talk about?

Budget talks to decide on concrete policies. Danko wants airplanes, Fico wants better pay for nights and weekends.

Danko, Fico, Bugar.