Wednesday, October 12, 2011

Waiting on Slovakia

The seventeen countries making up the Euro area [aka Euro zone] are waiting on additional political maneuvering and possible additional voting by the Slovakian parliament in regards to "expand the powers of the EFSF bailout fund” after Tuesday’s “no” vote. (1) (2)
Many pundits have discussed the topic of seventeen sovereign nations, merely connected by a common currency, having to vote unanimously regarding many governing topics and the inherent problems thereof regarding governing by committee.

The seventeen sovereign counties voting phenomena regarding governing topics might be an understatement when one considers the volumes of political parties making up each of the seventeen counties. For example Slovakia has twenty one political parties of which nine currently have representation in the Slovakian parliament. (3)

Please take a look at the map above as well as the link below. You will find a historical map of the Slovakian region depicted in 1250 A.D. Take note of the many, many small countries, territories, duchies, kingdoms, etc. that populated the area. Note further that many still exist to this day (861 years later). -Or- do they all exist to this day?

Do they all exist to this day? Maybe? How could they still exist? The historical Slovakian map is merely one example of how many small countries, territories, duchies, kingdoms, etc. make up each of today‘s seventeen sovereign counties making up the Euro area.

Further, countries in Euro area have many, many political parties. Are the many, many political parties a reflection of the historical makeup of many small countries, territories, duchies, kingdoms, etc. that now make up today‘s seventeen sovereign counties making up the Euro area?

Hence is the Euro zone suffering from government by a committee of seventeen or government by a committee of hundreds?


http://www.slovakia.org/sk-location5.htm
Notes:

(1) Eurozone bailout fund faces key Slovakian vote, BBC,
http://www.bbc.co.uk/news/business-15251441

(2) Slovakia ‘no’ vote endangers rescue effort, ninemsn.com,
http://finance.ninemsn.com.au/newsbusiness/aap/8358801/slovak-parliament-debates-eurozone-rescue

(3) http://en.wikipedia.org/wiki/List_of_political_parties_in_Slovakia




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