October 11, 2011

Forget democracy, support the euro

The Slovak parliament has yet to vote on whether they should support the euro bailout fund even though they're the second poorest nation in the eurozone.

The SaS coalition party has said it will not vote, arguing that "one of the poorest members should not have to pay for the huge debts racked up by richer states like Greece or Italy". So the coalition government won't have enough votes.

What's an opposition to do?
"The social democrats in opposition are not going to vote for it - although they say they support it - because they want to bring the government down," explained Slovakian politics expert Karen Henderson.

"Whether they bring the eurozone down in the course of this doesn't really seem to bother them."
Naughty step for the opposition, then. Back to the SaS:
"The SaS should consider that it could trigger not just a collapse of the government, which is a secondary issue right now, but cause turbulences in Europe and on the markets," said Grigory Meseznikov director of the Institute for Public Affairs.
So seemingly they should ignore what seems to be a fundamental policy of theirs and vote for something they oppose?

Truly euro uber alles.

Update: the first vote has gone against the euro support facility, as expected.

0 comments: