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Sedláček, Tomáš

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2 articles of this author have been cited in the European Press Review so far.

Hospodárske noviny - Slovakia | 02/02/2012

Tomáš Sedláček on the Czech Republic's strange isolationism

The Czech Republic's No to the new EU fiscal compact has left the country even more isolated than before, the economist Tomáš Sedláček fears in the liberal business paper Hospodářské noviny: "Our policy, be it that of our president or now increasingly of our government, is fundamentally against everything that starts with E, as in Europe. The No to the fiscal compact is a sad example. And the worst thing is that the pact is perfectly suited to our rulers' own policies. But it was suggested by the EU. Economists and politicians must be shaking their heads in wonder. It is a very courageous act indeed to pass up such a chance for preventing our country from running up debt. ... Do we really believe that with our No we are demonstrating our sovereignty? The US president, strong Germany and proud France must all make compromises and seek allies. How many allies do we have? Fewer and fewer. The number of states that knit their brows in bafflement our behaviour, however, is growing by the day."

Hospodárske noviny - Slovakia | 01/12/2011

Tomáš Sedláček on the advantages of the euro in times of crisis

Those who name the euro as a cause of the crisis are making a big mistake, writes the financial expert Tomáš Sedláček in the business paper Hospodářské noviny: "Sometimes the opponents of the euro give the populist impression that the problems would be solved if we just said goodbye to the single currency, or even better to the EU. If Europe didn't have the euro we would once more be fighting trade wars, trying to outdo each other in devaluing our national currencies, introducing customs duties, limiting imports and promoting exports. That's how things always were in the past. And now that we're on the subject of the past: if Greece, Hungary or Ireland had gone bankrupt 50 years ago, other heads of state would have weighed up how to take over these countries. Today no one would dream such a thing. On the contrary, today we discuss how they can best be helped. Without the euro the crisis would most likely be far worse."

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