Fate of Eurozone bailout rests on Slovak politician Richard Sulik

Henry Chu, Los Angeles Times, 07.10.2011

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For a man accused of holding an entire continent hostage, Richard Sulik cuts a modest figure. With his shiny pate and geeky glasses, he looks more like a mild-mannered economist than a rough-and-tumble politician. [...]

Rules designed to protect the sovereignty of European Union member states, both big and small, are now acting as a major drag on the bloc's ability to combat a crisis that some say could ultimately tear it apart.

"In many ways it is absurd" that a lone holdout can trump all the other countries, said Janis A. Emmanouilidis, an analyst at the European Policy Center in Brussels.

But though the situation may strike some as undemocratic, "that's how the EU is constructed; it's part of our DNA," Emmanouilidis said. "We're not ready to surrender that."

Trying to engineer a consensus among the 27 nations of the EU, or just within the Eurozone, is a tough task even in good times. The current financial and economic emergency has magnified that difficulty. [...]

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