Posted by on 22 May 2012. Filed under Current Affairs, Top news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Sulik Warns Again of ESM Dangers

Head of the liberal Freedom and Solidarity party (SaS) Richard Sulik, has spoken out again against the European Stability Mechanism (ESM) calling it dangerous as it is irrevocable.

SaS head Richard Sulik (c) The Daily

Sulik pointed out how the ESM doesn’t incorporate and termination date and so could continue endlessly, meaning we could be stuck with it no matter what. He also emphasised how it would be silly to expect the mechanism to provide stability or protection for the eurozone.

On the Greek issue, Sulik said that they continued to receive money without taking the necessary austerity steps, noting how Greece had already received a whopping EUR 825 billion. The ESM received the endorsement of the Slovak parliament last week, meaning Slovakia will inject a total of almost EUR 660 million into the ESM spread out over five tranches.

Sulik caused quite a stir earlier last year when questioning how the EFSF and ESM were structured. This eventually led to the downfall of the four-party coalition government after PM Iveta Radicova combined the EFSF vote with a vote of confidence in the government. For more information about Sulik’s arguments, see out exclusive interview.

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