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Klaus Recommends to Split Eurozone
According to the outgoing Czech President, the separation of the eurozone would be cheaper than maintaining the currency union.
Klaus Recommends to Split Eurozone / Picture: © Vindobona.org
On the occasion of the 20th anniversary of the Czech National Bank (CNB), President Vaclav Klaus explained that the monetary union is too expensive. „Of course, splitting a currency union is not costless. But an inadequate currency can be extremely expensive.“ However, Klaus regrets that the EU does not discuss such an issue openly.
Klaus: „It is completely untrue to say…
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