Slovakia as a Role Model?

People ♦ Published: April 16, 2014; 10:50 ♦ (Vindobona)

In an interview with Austrian daily “Wirtschaftsblatt”, Tomas Malatinsky, Economy Minister of Slovakia, talked about budget discipline, investments and tax policy.

Despite some domestic problems, the economy in Slovakia is doing very well. / Picture: ©

Slovakia has joined the European Union ten years ago and adopted the Euro relatively quickly: in 2009. Soon after, the financial crisis broke out. On the question why the small country has survived the crisis relatively unscathed, Malatinsky explained that before entering the Eurozone, the Maastricht criteria had forced Slovakia to a particularly strict budget…