BLOOMBERG/ Finance Minister Ivan Miklos believes that Euro members should be allowed to default so poorer countries like Slovakia don’t have to pay for others’ mistakes. The new Slovak government opposes paying into the EU's 110 billion-euro ($144 billion usd) Greek rescue fund because it will pay more than any other nation relative to the size of its economy. Slovakia is the EU's poorest country as measured by per-capita GDP, and is being asked to contribute an amount equal to 1.3% of economic production, while Luxembourg, the richest, will pay 0.6%. “We don’t agree with the principle that people in other countries which have nothing to do with this have to pay, but banks which have been profiting from giving loans to the Greek government in the past are not paying even one euro, he said.”
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