fredag 2 september 2011
Debt Union: Czech pres doesn't want 'Euro straitjacket'
Being in the Eurozone is not so different from being in a straitjacket - that's according to the President of the Czech Republic, Vaclav Klaus. Speaking at an economic summit in Austria, the president also blamed the Euro for being responsible for the debt crisis that's currently ravaging the European Union. His comments echo growing hostility towards the single currency among nations once queuing to join the prestigious club. That as the Czech Prime Minister also questioned his country's requirement to sign up with the currency bloc, saying they were told it was a monetary union, not a debt union. But the EU leadership maintains the crisis is temporary, and the Euro is safe and secure - something that Johan Van Overtveldt, the editor-in-chief of Trends magazine, disagrees with.