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2PM Slovakia vote on EFSF

October 11, 2011

The final approval vote for the EFSF bailout fund is set for about 2PM local time in Bratislava. While it appears now that the measure will ultimately pass, it doesn’t make much difference either way. The EU could simply reduce the full 440 billion euro package by 7 billion (Slovakia’s contribution), or scrape together the 7 billion from other EU members.

The notion that a post-communist country with a much lower GDP per capita than Greece should have to bail out Greece doesn’t sit well with me. Does it make sense to you?

 

Poor helping the rich

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