Slovakia

Slovakia rejected the EFSF.  Via Tyler Cowen:

Today, Slovakia has the lowest average salaries in the euro zone. How am I supposed to explain to people that they are going to have to pay a higher value-added tax (VAT) so that Greeks can get pensions three times as high as the ones in Slovakia?

Here is the story.

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About brianbergfeld
I am an economics PhD student at Washington University in St. Louis.

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