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SaS: Slovakia Is on Greek Path to Ruin
Monday 03 May 2010 Zoom in | Print page
Bratislava, May 3 (TASR) - The financial situation in Greece illustrates how hard a country can fall when led by a socialist government pursuing the utopia of a social state, Daniel Krajcer from non-parliamentary Freedom and Solidarity (SaS) party said at a press conference on Monday.
According to Krajcer, Slovakia has already set out on the Greek path. "In 1981, Greece's debt stood at 27 percent - the very same debt in which Slovakia found itself in 2008. Later on in 1984, Greece plunged into 41-percent debt. However, Slovakia is going faster, reaching the same level in only two years. This is the figure we are talking about in 2010," said Krajcer.
SaS chairman Sulik thinks that the financial aid for Greece has nothing to do with solidarity. Countries have other means than borrowing money to deal with an unfavourable financial situation, such as selling assets. "The money allocated for Greek aid will wind up in foreign banks, as almost 70 percent of the debt is in the hands of foreign banks," said Sulik. He stressed that the €800-million loan that Slovakia will provide to Greece represents 10 percent of all Slovakia's tax incomes.
The SaS representatives claimed that Greece has never met the criteria for joining the eurozone. "The country got into the eurozone by virtue of creative accounting - last but not least by including incomes from prostitution in overall GDP," added Sulik.
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