BRATISLAVA, March 23 (Xinhua) -- The common currency euro has for Slovakia more benefits than for whole eurozone, former Czech president Vaclav Klaus said during a lecture at Comenius University in Bratislava on Thursday.
"For Slovakia, the adoption of the euro has been the change of a single parameter, albeit a significant one, but it's been a system shift for Europe," he said.
The net benefit for Slovakia seems to be bigger than that for Europe, or, in other words, the net adverse effect for Slovakia is smaller than that for Europe, said Klaus.
A massive failure to comprehend an inherent problem with the euro still prevails in Europe.
"This includes, for example, lengthy economic stagnation in the EU, with many EU and eurozone countries being still worse off than in 2007, while the EU has also obviously been falling behind dynamic growth in the rest of the world, mainly in Asia," noted Klaus.
According to Klaus, another such signal is a debt crisis in several eurozone countries, lasting high unemployment rates in individual EU-member states reaching 10 percent, the migration chaos and the inability to deal with Britain's decision to leave the EU.
