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Radicova: Slovak Government Not Preparing a Plan B
Tuesday 14 December 2010 Zoom in | Print page
Bratislava, December 14 (TASR) - Slovak Government is not preparing a Plan B, Prime Minister Iveta Radicova said on Tuesday in response to suggestions made by Parliamentary Chairman Richard Sulik in a newspaper column on Monday that Slovakia should be ready for a collapse of the euro.
No currency switchback is anticipated to take place in Slovakia in the near future, and any statements concerning a possible end of the eurozone and the euro itself are way too dangerous, said Radicova.
"My opinion is clear. What we must do first and foremost is to try to make the euro a stable currency. Any contemplation over alternatives actually harms the stabilisation mechanism (EFSF) as such, and I find it risky to talk like this. More than risky - especially in view of protection of clients' deposits in Slovak banks," said Radicova.
Slovakia, one of the last EU countries to have introduced the euro (in 2009), has entered the eurozone too recently to contemplate reverting to its previous currency, the koruna, said Radicova, adding that with the common European currency the country has experienced more positives than negatives during these recent, financially turbulent times.
Sulik wrote in a commentary for Hospodarske Noviny daily on Monday that Slovakia should draw up contingency plans in case the euro collapses. "It's time for Slovakia to stop believing blindly what eurozone leaders say and to prepare a Plan B," he stated.
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