Vaclav Klaus - no solution for Greece inside the Eurozone

21 Sep 2011
Background: Klaus (Czech Republic President) says there is no solution for Greece inside the Eurozone.

"Administratively it is possible. I always remember our dividing the Czechoslovakia crown (the koruna or Czech official currency in Feb 1993) of the separation between the Czech Republic and Slovakia. And the separation of the two currencies was a relatively simple technical procedure."

[What do you think the Eurozone can learn from your country?]
"The EU needs fundamental systemic change. Fundamental transformation not cosmetic changes [Absolutely]. That's the issue. I'm afraid European leaders still do not take seriously the deepness of the crisis of the European Union. The debt crisis is just the tip of the iceberg. The crisis is much deeper. Even solving something in the short-run will not solve the real problem. They must get rid of the paternalistic economy. Without such a move we can't go ahead."

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