If you think that Europe's toughest economic hawks sit in Frankfurt or dwell within Ifo - the flagship German econmic institute - think again. In fact, the German hawks have nothing on some economists and politicians in Slovakia - the tiger of Central Europe.
Peter Gonda, an economist at the Conservative Institute of M. R. ©tefánik and lecturer of economics at the Comenius University in Bratislava, wrote today:
"The euro rests on an inappropriate understanding of EU integration. The common market requires real competition and the absence of barriers to free exchange. Not centrally managed harmonisation of terms and a common currency. The irony is that the EU wants to solve the problems caused by centralisation by further centralisation. The debt crisis in the Eurozone is an excuse to pursue fiscal and political union. The Slovakian parliament could reject the EFSF 2, which is an instrument for supporting moral hazard and fiscal irresponsibility at taxpayers’ expense. Slovakia should consider leaving the Eurozone or the EU altogether should the EU bring further problems in terms of freedom and prosperity for our country."
Article was published at Open Europe blog. Read the whole article here.