Comment - Opinion

Klaus Recommends to Split Eurozone

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…

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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.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.