The government is planning a new law to allow it to take over struggling Slovak companies it deems ‘strategic’. Businesspeople, lawyers and observers say the measure is a Trojan horse that the state could use to take control of major enterprises.
According to Peter Gonda of the Conservative Institute, a conservative think tank, the systemic and original causes of the crisis are governmental regulation and extensive monetary expansion by central banks.
“The basic cause of the crisis is thus the visible hand of the state, causing and internally embedding moral hazard; a system, which motivates profit and revenues but nationalises the losses,” Gonda wrote.
Beata Balogová. Article was published in the Slovakia`s English-language weekly The Slovak Spectator. Read the whole article here.