Saturday, October 29, 2011

Slovakian EFSF exemption could drive Czechs to Euro referendum

Looking at the wreckage across almost the entire European Continent as a result of the brazen duplicity of the underhand and crooked dealings of Wednesday's Euro Group Summit, my eye has been caught this morning, by the complications that will soon arrive in the Czech and Slovakian Republics, where even last weekend, the Czech Governing ODS Party had begun to make noises at its annual conference about a re-run of the 2003 referendum where the country had decided to one day join the euro, read here.

Neighbouring Slovakia, to its cost, pain and future long-term misery, has already joined the doomed currency and faced the ridiculous prospect of its comparatively ill-rewarded citizens having to yet further subsidise more substantially cossetted Greeks. An exemption was therefore made, read here.

Now that will really set the cat among the pigeons. Remember it was not that long ago that these two countries were united. How can an exemption for one in future be applied without including the other?  What of Hungary, they are suffering an economic crisis of their own, while still outside the Euro Group, but are their difficulties not similar to those of the Czechs, and if they are not, who is to determine that such is the case?

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