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Paral, Pavel

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

Mladá fronta dnes - Czech Republic | 27/01/2012

Non-stop aid for Athens counterproductive

Private investors are currently negotiating with the government in Athens over a partial write-off of the country's debts, but the talks are faltering. A write-off of roughly 100 billion euros is the pre-condition for Greece receiving its second bailout from the IMF and euro states totalling 130 billion euros. The liberal daily Mladá fronta Dnes calls for a swift end to the country's suffering: "If Greece had gone bankrupt two years ago the Greeks would be better off now. And Europe would have money for other, more important cases. ... Now the tension is growing in Europe and it is not to be ruled out that Greece could collapse within a few days or weeks. Prolonging this agony is counterproductive. A Greek collapse would not be a catastrophe. In cooperation with the EU the situation could be stabilised very quickly, even before the start of the holiday season. Tourism is still Greece's most important source of revenue and will remain so for the foreseeable future."

Mladá fronta dnes - Czech Republic | 26/05/2011

Europe will pay for German nuclear phase-out

Political indicators in Germany increasingly point to an early nuclear phase-out. This will be expensive for its neighbours, the left-liberal daily Mladá fronta dnes complains: "The Czechs will quickly feel the repercussions, and the development of alternative energy sources will have serious consequences. These alternative sources already heavily destabilise power supply lines in Europe. To prevent the power grids from collapsing altogether neighbouring states will have to invest billions in their power lines, and that will raise energy prices. ... In addition it is one hundred percent certain that Europe's dependence on natural gas imports will grow. Gazprom has already announced price hikes from the current 350 dollars to 500 dollars for 1,000 cubic metres. And with this rise in energy prices the competitiveness of European industry will sink. And let's not forget, the nuclear industry is the only sector in the world that systematically analyses all disasters and regularly updates the regulations for operating nuclear plants. In the chemical industry, which is just as dangerous, there is nothing of the sort."

Mladá fronta dnes - Czech Republic | 12/04/2010

Greek rescue plan a step into the void

The countries of the Eurozone have reached an agreement over the plan for helping Greece overcome its financial crisis according to which in the event of insolvency Athens could obtain up to 30 billion euros at low interest rates. The liberal daily Mladá fronta Dnes is sceptical: "Where will we end up when no country of the Eurozone can go bankrupt? The situation will be the same as it was recently with the big banks, which could only be saved through cash injections running into the billions from Europe and the US. But the problem is that in the end no one will be able to pay for this moral game of chance. ... That's why financial aid from within the Eurozone was originally strictly forbidden. This ban has now definitively been set aside. For Greece that means a small - rather too small - step towards rescue. But for the euro it is a big leap, althought no one knows where it will take us."

Mladá fronta dnes - Czech Republic | 12/02/2010

Greeks under EU protectorate

At its special summit on Thursday the European Union decided to help the Greek government get its debt crisis under control. But this could also meet with displeasure among the Greeks, writes the liberal daily Mladá Fronta Dnes: "Even in their precarious situation the Greeks are not sure whether state bankruptcy isn't better than a sort of protectorate. ... The long crisis is proving the euro-critics right. A common currency also requires a common budget policy, and yesterday's decision is a step in this direction. German taxpayers aren't ready to finance Greek teachers who prefer to sell gyros on the beaches during school hours. So what's the solution? National receivership with a German or French protector? What will the Greek teachers think of that?"

Mladá fronta dnes - Czech Republic | 01/11/2007

Accusations of social benefit fraud against Czech deputy prime minister

The political career of Jiri Cunek, Czech deputy prime minister and leader of the Christian and Democratic Union, is on the verge of collapse. Czech television reported this week that in 1998, Cunek received government social assistance payments and housing subsidies for his family. At the time, he had around 3.5 million Czech koruna (130,000 euros) deposited in various bank accounts. What makes the affair more scandalous is the fact that Cunek entered politics with the declared aim of putting a stop to social benefit fraud. Pavel Paral comments: "It's unconceivable that Cunek will be able to remain in politics. No matter what he says about entitlement to social benefits, he should understand that the money is there to help people in temporary emergency situations and not to accumulate millions. Even his party colleagues have finally realised that he can no longer stay in politics and have called on him to resign."

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