Thank you for the other side of the balance sheet. I was unaware of EU investments in SK. When I am ignorant, I appreciate enlightenment.
Some of the other Euro countries may offer tempting offers for Greece to remain. But there is a price that should not be paid, even if Greece would accept it. That would be extortion.
There w/b a cost for this profligacy. The question is, who w/ pay the majority of the bill?
Should be interesting to watch.
Your student (one of many)
From: votrubam <votrubam@...
Sent: Monday, February 6, 2012 9:54 AM
Subject: [Slovak-World] Re: Retirement in Slovakia and EU
> Slovakia has been paying tons of money to Brussels for years.
> And for what?
It's been the other way up to now, Chuck. Brussels has been paying tons of money to Slovakia since even before it joined the European Union. And since it joined, Slovakia has been getting much more money from Brussels than it has been paying to it. This is the first time that Slovakia is asked to support another EU member.
> Another possible alternative is to allow Greece to exit the Euro
It's not a question of allowing them, Greece can exit any time it decides to (while the eurozone does not have an established mechanism to kick it out). It certainly is a possibility that has been discussed with increasing frequency since the problems became apparent (although it was widely suspected that Greece was fudging its books even at the time it was accepted into the eurozone).
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