06 September 2011

SLOVAKIA / EUROZONE : Parliament's Speaker Sulik Hopes To Delay Greek Aid.

                                             WSJ / G. Fairclough

      Parliament's Speaker Richard Sulik wants to do everything he can to delay a vote to increase Greek aid.
     The Eurozone's second poorest member is feeling beset that it must now pay to support the Greeks.
      Any delay on new aid could further upset "the markets" and endanger Greek and Italian attempts to sell debt.
      Already new Italian debt is again nearing the unsustainable 6% interest level.
      Sulik is plain spoken about the issue.
      He said he feels the popular opposition and claims the aid is like "trying to put out a fire with a fan."
      Sulik claims the solution to the debt crisis is enforcement of regulations on budget deficits and public debt— not extending more loans. "The more we let countries violate the rules, the worse things will get," he said. "Greece has to go into bankruptcy."
     "Now when I see what is being allowed for Greece and Italy, it really makes me angry," Sulik said. "We have to pay because of this double standard. It's a real injustice."