The end of the rescue of Greece showed that the Radical government did not have to fall: Sulik admitted the mistake



"The fall of the Slovak government for aid to Greece was unnecessary, it turned out to be a delay, as the country is returning to the financial markets, if the eurozone had left Greece, the costs would be disproportionately higher for the Member States than the total its reputation and suffered far worse consequences and damage, " Vaño said.

The current account for aid to Greece has reached almost € 290 billion. On the third and last rescue program worth € 86 billion, Athens agreed with European creditors in 2015. "Greece has mobilized itself and can refinance its own needs, but still has to meet the strict criteria of creditors, the European Commission, the European Central Bank and the International Monetary Fund, and has to achieve a primary surplus, namely public finance plus interest and debt repayment The end of the rescue program does not mean the end of the draconian treatment of the economy, " Vaño said.

Economist Vladimir Vaňo

Economist Vladimir Vaňo

Source: TASR – Pavel Neubauer

The Greek economy returned to growth, reflecting bottom-up from -5.5% in 2010 to 1.4% in 2017, and is expected to remain around 2% in 2018 and 2019. It also improves export performance. Yet most people do not feel that way.

"The tax on measures and the exit from the crisis is that the real Greek economy has declined by more than a quarter compared to the pre-crisis period, but unemployment fell from 28% to 20%, but mainly due to low-paid jobs minimum wages of EUR 580. Although people have a job, a regular income, but they cover their expenses, " Of added.

Sulik: Greece is not part of the euro zone, so it would be in trouble

Greece is in recession, its debt burden is threatening, it can take up to 20 years. This country does not belong to the euro area. This is spoken by SaS chairman and MEP Richard Sulík, who would not change his opinion on the Euroval problem for years. For this the government of Iveta Radičová fell when SaS refused to support him.

"When we voted, we made a mistake, we were in the hall and when we left, our coalition partners could believe what we have been repeating for months – that we do not vote for it and that they can also be kept in any other way" Sulik said.


Richard Sulík

Source: SITA / Milo Fabian

Others would be that SaS MPs would leave the bargaining room. "If you ask me today if I would agree to send money to Greece, my answer" no "has not changed for years," he said. he added.

He points out that Greece is in recession for seven years. "The trade balance of Greece and its indebtedness are terrifying today, when the crisis began, they had a debt of 200 billion euros, today it is 300 billion, and if the EU were strong and Greece would not be in the euro zone, it would worry," Sulik said. Greece will take it from time to time. "But this can take 20 years, and it will be very difficult for them for 20 years, and I think Greece is not part of the euro zone, but it is too strong." By the time he entered Greece, Greece disturbed data, forged statistics, he concluded.

Greece successfully completed its last triennial rescue plan, approved in August 2015, on Wednesday (August 20), thereby overcoming the debt crisis. This was announced Monday by the eurozone rescue fund – the European Stability Mechanism (ESM).

Radičová: ESFS has fulfilled its purpose, from the worst we do

The European System of Financial Supervision (ESFS), the temporary Euroval, has reached its goal. The euro zone is the worst, including Slovakia. According to former Prime Minister Iveta Radicova, Greece has completed its last triennial rescue plan, approved in August 2015, which allowed it to overcome the debt crisis. For the European Stability Mechanism (ESM), the permanent Euroval and the aid of Greece to the Radic government. Radicova is worthy of the decision to combine the voice of the permanent euro vote with the confidence of the government.

"Today we are not convinced that ESFS has not achieved its goal, although of course we do not say that there are no risks, but from the worst, including Slovakia, of course thanks to synergy with other instruments and institutions, Radičová said. She recalled that most of the EU countries had taken the financial crisis in 2009 and that it is clear that common tools are needed to tackle bankruptcy and rising unemployment.


Dean of the Faculty of Mass Media, Pan-European

Source: photo: SITA / Diana Černáková

The Prime Minister emphasizes that the EFSF has approved the parliament throughout the political spectrum. "We agreed to refuse to participate in an emergency loan to Greece, so we agreed with the need for a rescue mechanism for the euro zone, and that is what happened." The ESFS first provided Ireland with financial assistance, followed by Portugal, says Radičová.

Later, the aid strategy was changed and the country had to apply for funding on the basis of the approved national reform program to restore the economy under strict conditions. "Only after the program was approved, the finance ministers approached the aid," she said. The former head of the cabinet pointed out that the ESFS ended in Ireland in December 2013, in May 2014 in Portugal and in June 2015 in Greece. "Since then, the ESFS has not provided any new financial support, according to the auditor's report, all three countries have received payments to date, there are no outstanding commitments to the ESFS, the ESFS has an AA rating and since June 2015 it has only debt repayment, she added.

According to Radičová, it has been somewhat forgotten that Europe has not solved Greece in 2010-2011 alone. "But we have had to deal with a systemic deep financial crisis in the EU and the euro zone, but the changes in the ESFS have led to a crisis and a split in the coalition government in Slovakia." In similar serious situations, the standard procedure is to combine voting in the case with a vote of confidence – and finally, the only way to overcome the break and confirm the legitimacy of the government or the ruling coalition, " Radičová closed.

IŠtefanec and Abrhan: Helping Greece was necessary, the fall of the Radical Government was unnecessary

The approval of the Euro-valle and the help of Greece was an unpopular but necessary solution, as evidenced by the development of the situation. The former members of the National Council of the Slovak Republic Ivan Štefanec and Pavol Abrhan agreed. At the time of the approval of Greece, Štefanec was in SDKÚ-DS and Abrhan in KDH, and today they are convinced that the fall of the government of Iveta Radičová was useless for Euroval.

"The irresponsible policies of Greece were threatened by the stability of the euro, our common currency, the harsh economic measures in Greece and the help of other countries in the eurozone." Time showed that our decision was good and we managed to stabilize the euro and the economic situation in Greece, Abrhan emphasized.


Pavol Abrhan

Source: SITA

Štefanec has the same opinion. "Evolution of the situation is the best proof that the necessary solution was unpopular but necessary, because the members of the eurozone have decided to protect the deposits and the income of our citizens." The euro survived and our people did not come with savings, the euro zone stopped and spread to other countries Greece has for the second consecutive year a surplus budget and has returned to the financial markets, " Called ŠTEFANEC. Today, in his words, we focus on the further development of the euro zone and, in particular, the rules for responsible management, not to repeat a similar situation.

"Those who have governed the government have so far been involved in various pseudo-causes, and the European Stability Mechanism (ESM) initially agreed, and the best time showed how it was," said Štefanec, who is now an MEP and active in KDH. If the government did not fall, Slovakia could solve the necessary reforms and not the case on the table.


Ivan Štefanec

Source: Jan Zemiar

"He was not politically responsible at the time, and he played with the credibility of the Slovak Republic as a country of the eurozone by refusing to support the stabilization of the euro, despite the fact that it had insisted on the implementation itself, but only politically capital and wanted to terminate the Iveta Radičova government at all costs, at which time the SaS coalition party helped him in this way with his ESM voice and confidence in the government, " Abrhan remembered.

He believes that there must be issues of state interest in politics that can not be the object of a political struggle. "And in my opinion the currency should be among those topics," Abrhan added.

Miklos says the necessary step

The approval of the Greek aid for which SaS Richard Sulik had rushed the government at that time had no alternative and was necessary. It was also necessary to create a Euroval, which has since confirmed developments. This was explained by the financial ex-minister Ivan Mikloš.

"Euroval helped to resolve the crisis and prevent the threat of contagion and the collapse of the euro zone not only in Greece, but also in Ireland, Portugal, Spain and Cyprus" he said. The theme was politically sensitive and therefore it had to be exploited and abused by populists of different kinds.

"But it was earlier than expected from the populist opposition, as in all countries of the euro zone, but the result of Sulik's political and populist exploitation of this sensitive issue was only a lamentation about his own government and the return of Fic's. Direction, which continues to this day " Said Miklos.

Greece successfully completed its last triennial rescue plan, approved in August 2015, on Wednesday (August 20), thereby overcoming the debt crisis. This was announced Monday by the eurozone rescue fund – the European Stability Mechanism (ESM).


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