leftish SMER might face split in opposition...

A briefing on what is going on in Slovakia:

  1. Slovakia has a very open economy, its economy went though a big change of fortunes during the crisis due to the cyclicality of cars and other consumer goods Slovakia produces.
  2. The policies of the left have not hurt the slovak economy (if anything they provided a keynesian soft landing from the shock of the turmoil since 2008 and the gas crisis). SMER may have been barking up the wrong tree with some pet projects, but the economy is again revving up even before the election.
  3. The economy here in Bratislava has fared much better than any place i can think of, nation debt is only 36% of GDP which is the lowest in the eurozone, even Finland's...(44%). The economy is actually roaring ahead by conventional standards 3.4 is now being revised to 3.7% gdp growth for 2010, and within six months or so Slovakia will be flirting with 5% gdp growth again. It is going to be much faster than any comparable EU member and certainly fastest in the eurozone.
  4. Some in the right claim that Fico destroyed the economy, that is just rubbish, he has been quite reasonable and cautious. He didn't fight corruption that is true, but the main economic policies are intact since 2000...they have delivered growth now the right needs to put the economy on an investment in infrastructure trajectory, use EU funds more effectively, and leave the labour code alone, it is moderate as it is. The big question is how the average Slovak can achieve higher salaries by making the potential of Slovak citizens shine through with even better education, language skills and a general modernisation. Crucially they need to cut bureaucracy.
  5. A woman PM (check out communist era pic...) will send all the right signals abroad, Radicova will act as a Slovak Obama for Slovakia's image.

1 comment:

  1. Good evening Mr. PM,nuce picture of Tatranska tigrica (Mrs. Iveta).I will say to you should be proud with such a woman like PM,she will treat Smer with respect as the largest opposition party.
    Slovenske zene su krasne,ali Rumunske zene su naj krasne na svetu.