Lack of political courage cost us money last week

Three years after the worst of the Greek crisis, Europe has done little to address the roots of eurozone problems.

Finance Minister Peter KazimirFinance Minister Peter Kazimir (Source: TASR)

You got a little bit poorer in the past few days. Your salary decreased too.

Amid panic about the coming populist government in Italy, the value of the euro fell and there is good reason to worry. Three years after the worst of the Greek crisis, Europe has done little to address the roots of eurozone problems. France’s Emmanuel Macron is pushing for big changes, including a European Monetary Fund, an EU finance minister and more shared risk. While opposed by Germany, such changes would almost certainly be a good thing for a small country like Slovakia.

SkryťTurn off ads
Article continues after video advertisement
SkryťTurn off ads
Article continues after video advertisement

SkryťTurn off ads

When it comes to the euro currency, granting more power to Brussels, or the European Central Bank in Frankfurt, does not come at the expense of Slovak national sovereignty. On this issue the country doesn’t have much control anyway. It does, however, take power away from Germany, something you should want.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

Friends drinking a kapurková shot.

Slovak Matters: Departures, even when drinking

The last column was dedicated to saying hello; now we go over the last word, whether saying goodbye or taking the customary last shot.


12 h
Filip Toška holding chard in the hydroponic Hausnatura farm.

How a Mayan doomsday prophecy took a Slovak to hi-tech agriculture

Hydroponic farm run out of former telephone exchange.


9. mar
Some Ukrainian students report being bullied due to their nationality. UNICEF works with schools so that they can provide a tolerant and respectful environment as well as activities that facilitate positive relationships and promote inclusion.

The silent toll of the war in Ukraine is on minds

Friends are essential for mental health, but only one in three Ukrainian children in Slovakia are currently enrolled in school.


20. mar
The price of 400 food products has been capped by eight retailers.

News digest: Retailers' move to make food more affordable

A group of old houses in Banská Štiavnica damaged by fire, Eduard Heger's new party, and 10 biggest tax debtors.


22 h
SkryťClose ad