Pact for the Euro: Eastern Europe hostile
For Hungary and the Czech Republic is not. Prague or Budapest or accept the pact to join the euro, introduced at the request of Germany and France to prevent non-members of the eurozone new debt crises, and adopted at the summit European 24 and 25 March in Brussels.
The pact aims to strengthen mechanisms for monitoring and rapid reaction within the eurozone, for situations similar to those of bankruptcy occurred during autumn 2008 in the most fragile economies of the EU (Hungary, Estonia ).
This ambition has met with resistance from some capitals, who see the pact as an infringement of the independence of their fiscal policies: the Czech Republic, Hungary, Great Britain and Sweden have chosen to remain outside this strategy."The meeting on Friday, March 25 in Brussels has focused on a radical new limitation of the sovereignty of member countries of the EU, on Monday lost his temper very eurosceptic Czech President Vaclav Klaus.
In the wake of the Head of State, the Czech Prime Minister Petr Necas, said he regretted that countries outside the euro zone were not consulted prior to the measures constituting the pact. He has not ruled out that the Czech Republic to join later.
Tax competition
Before Klaus, Prime Minister of Hungary, Viktor Orban, whose country holds the EU presidency until June 30, had already expressed its categorical refusal to accept the pact cash advance flexible payments. "Right now, the Hungarian government decided not to join the pact for the euro, he said March 22.After consultation with the parties in Parliament, I can say that the desire to maintain the independence of our tax policy is unanimous. "The aim of the pact does not encourage tax competition. But a country economically weaker can hardly do without such a measure, "says Minister for Foreign Affairs Janos Martonyi.
However, the pact partially limits the discretion of governments, promoting a "convergence" of fiscal policies, particularly for the corporation tax, a strict limitation of government debt and wage moderation.
The rising discontent in Central and Eastern Europe. After Slovenia and Slovakia, some neighbors are still hoping to join the euro in 2013 or 2014, but a fundamental change is taking place in public opinion increasingly hostile to single currency.In a recent survey, 78% of Czechs said they were against. Hungary, she no longer hopes to join the euro before 2020.
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