Klaus Recommends to Split Eurozone

CommentOpinion ♦ Published: February 7, 2013; 23:39 ♦ (Vindobona)

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: © Wikipedia / David Sedlecký

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…