Czech leader says more European integration is fatally wrong

October 10th, 2011

Published on, by October 9, 2011.

Greater European integration is a cause of EU problems and is no solution to the debt crisis, the CTK news agency quoted Czech President Vaclav Klaus as saying. The statement was made in an apparent response to a proposal by European Commission President Jose Manual Barroso that the EU should boost integration process in order to resolve the debt crisis. 

“I principally, absolutely disagree with Barroso. I know that he is tragically wrong,” the Czech president said on Saturday at the summit of the Visegrad Four group, which also comprises Hungary, Poland and Slovakia. The Czech president, whom many analysts describe as a Eurosceptic, said on Friday that the Eurozone’s current problems were caused by the introduction of the common currency, when politics prevailed over economy, and economic laws were ignored … (full text).

(my comment: the same logical error was made by the Swissair Management: … After the expansive “Hunter strategy” in the late 1990s and after the economic turndown following the September 11 attacks, Swissair’s assets dramatically lost value, grounding the already-troubled airline in October 2001.[3] The airline was kept alive until 31 March 2002 by the Swiss Federal governmentfull long text on en.wikipedia).

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